Shake Shack: Another Predictably Overvalued Consumer IPO
Shares of burger chain Shake Shack (SHAK) are soaring more than 130{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} today to $48 on their first day of trading, after pricing at $21 per share. With 36 million…