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Investors join 'guest' queue for a slice of the Shake Shack pie

Shares of what once was a hot dog cart more than double on debut, valuing the firm at more than US$1.6b

Shake Shack's first day of trading, coming off an IPO that had already exceeded expectations, reveals a rare level of excitement on Wall Street for the self-described "modern day roadside" burger joint.

New York

CUSTOMERS have been known to line up for close to an hour to order a burger and some crinkle-cut fries at Shake Shack. On Friday, investors showed an equal amount of enthusiasm for the company's stock.

Shares in the company more than doubled in their first day of trading,

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