Stupid Time In the Casino: Shake Shack Opens At 108X EBITDA/TEV

From ZeroHedge Moments ago Shake Shak, aka SHAK, opened for trading, after pricing its IPO at $21 last night, 50% higher than the initial range of $14-16 (subsequently revised to $17-19). It has promptly soared nearly 140% after opening for trading, and was last seen at just over $49. What does this mean from a […]
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