Report: Shake Shack picks JPMorgan, Morgan Stanley to lead IPO

Shake Shack, the fast-food restaurant chain that has developed a cult following for its 'Shackburgers', 'flat-top' hot dogs and eponymous shakes, has selected JPMorgan Chase & Co (NYSE:JPM) and Morgan Stanley (NYSE:MS) to lead a proposed initial public offering, according to people familiar with the matter.