JPMorgan and Morgan Stanley said to lead Shake Shack IPO

Shake Shack, famous for its frozen custards and hamburgers, filed for an initial public offering with Securities and Exchange Commission regulators on Monday to raise $100 million.

JP Morgan Securities and Morgan Stanley are among the lead underwriters for the proposed offering, according to a company release.

The fast food burger joint has applied to have its common stock listed on the New York Stock Exchange under the symbol "SHAK." The number of shares to be offered and the price range for the proposed offering are yet to be determined.

After the offering, Shake Shack will stand as a separate company from its majority owner Union Square Hospitality Group.

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