In an amended filing with the U.S. Securities and Exchange Commission (SEC) Wednesday morning, Shake Shack Inc. raised its expected price range for the company’s pending initial public offering (IPO) from a prior range of $14 to $16 a share to a new range of $17 to $19. At the mid-point of the new range, Shake Shack’s proceeds would increase by 20%, from $75 million to $90 million. The company estimates net proceeds at $83.7 million at an IPO price of $18 a share.

The number of shares included in the IPO remains at 5 million. Underwriters have a 30-day option on an additional 750,000 shares. Joint bookrunners for the offering include J.P. Morgan, Morgan Stanley, Barclays, Goldman Sachs and Jefferies. Co-managers are William Blair and Stifel.

Shake Shack is a fast-casual restaurant featuring premium hamburgers and other foods. Following the IPO, the company will have two classes of stock: Class A stock that will trade on the New York Stock Exchange under the ticker symbol SHAK and Class B stock that will be held by a group called Continuing SSE Equity Owners, which will hold 68.3% of the voting power in the company.

The company had 53 locations in the United States and internationally as of the end of September 2014, with 39-week revenues of $83.76 million and net income of $3.55 million. On the basis of 1.25 million shares outstanding, diluted earnings per share totaled $2.83.

Shares are scheduled to price on Thursday and begin trading Friday.

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