Shake Shack Boosts IPO Amid Strong Investor Appetites

By Chelsea Naso (January 28, 2015, 2:07 PM EST) -- New York-based Shake Shack Inc. plans to serve up a larger initial public offering, boosting its per-share price on Wednesday to land as much as $95 million amid investor hunger for the growing fast-casual, ingredient-conscious hot dog and burger chain.

Shack Shack increased its targeted per-share range to between $17 and $19 apiece, up from the $14 to $16 range the restaurant set earlier this month, according to a regulatory filing. At the high end of its former indicative range, Shake Shack would have raised $80 million.

The restaurant chain, which plans to list on the New York Stock Exchange under...

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