Shake Shack, a burger chain that grew out of a hot dog stand in New York's Madison Square Park, said it expected its initial public offering to be priced at $14-$16 per share, valuing the company at up to $568 million.
El Pollo Loco's shares rose as much as 33 percent in their debut in July, while shares of Zoe's Kitchen jumped more than 70 percent when the company listed in April. Habit Restaurants' shares more than doubled in their debut in November.
Shake Shack, known for its Shackburgers, flat-top hot dogs and eponymous milkshakes, has developed a cult following since it was founded by restaurateur Daniel Meyer in 2001.
Meyer's Union Square Hospitality, private equity firm Leonard Green & Partners, and employee-owned hedge fund sponsor Select Equity Group are Shake Shack's major shareholders.
New York-based Shake Shack has 63 outlets, including 36 in the United States. The company's international outlets include those in Dubai, Istanbul, London and Kuwait.