On December 29, 2014, Shake Shack filed Form S-1 with the SEC (US Securities and Exchange Commission). It filed the form for an initial public offering, or IPO, of $100 million through Class A common stock under the symbol “SHAK.” It intends to be listed on the NYSE.

Proceeds from the IPO will be used to purchase ownership interests from SSE Holdings. You can see this in the above chart. Shake Shack operates and conducts it business through SSE Holdings and its subsidiaries.

With the economy picking up, restaurant players are taking a leap into the stock market. Another player, The Habit (HABT), also went public on November 20, 2014.

The above image shows Shake Shack’s first location. It transformed from a hot dog cart in 2001 to a kiosk in 2004. The cart’s success led to a contract from New York City’s Department of Parks and Recreation to fund the future of Madison Square Park.