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Shake Shack Files for IPO of Danny Meyer’s Burger Chain

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Shake Shack Inc. is going public and may be worth as much as $1 billion -- not bad considering New York restaurateur Danny Meyer started the joint as a public service.

Founded more than a decade ago to help support the restoration of Manhattan’s Madison Square Park, Shake Shack was an instant success, drawing long lines of urbanites attracted by Meyer’s modern spin on a roadside burger stand. Today, Shake Shack has more than 63 outlets in 30-plus cities from London to Dubai.