"Black Rock Coffee Bar will offer 14,705,882 shares of Class A common stock under the ticker BRCB. It will be priced at $20 per share, exceeding its initial prediction of $16 to $18 per share and totaling $294.1 million. Its underwriters have 30 days to buy another 2,205,882 shares of its Class A common stock at a set price of $20 per share."
"Black Rock Coffee Bar started in 2008 in Beaverton, Oregon, as a 160-square-foot drive-thru location. The company has since moved its base to Scottsdale, Arizona, and runs over 150 stores throughout Arizona, California, Colorado, Idaho, Oregon, Texas, and Washington. Along with standard coffee and tea, Black Rock Coffee Bar also serves energy drinks and all-day breakfast. The company is an aspiring rival to fellow coffee chains Dutch Bros. and Starbucks."
"The former has a similar model of prioritizing drive-thrus and had a successful IPO in 2021. At the time, Dutch Bros (NYSE: BROS) jumped 70% after opening. In January, the company announced its 1,000th location, and its stock this year has outperformed the S&P 500. Meanwhile, Starbucks (NASDAQ: SBUX) has seen its stock price drop nearly 10% this year. The world's largest coffeehouse chain has been struggling to improve its financial picture, recently reporting its sixth consecutive quarter of declining same-store sales."
Black Rock Coffee Bar priced its IPO at $20 per share, offering 14,705,882 Class A shares under the ticker BRCB and raising $294.1 million. Underwriters have a 30-day option to buy an additional 2,205,882 Class A shares at $20 per share. The coffee chain reported $179 million in store revenue for the 12 months ending June 30, 2025. Founded in 2008 as a 160-square-foot drive-thru in Beaverton, Oregon, the company now operates over 150 stores across Arizona, California, Colorado, Idaho, Oregon, Texas, and Washington. Menu offerings include coffee, tea, energy drinks, and all-day breakfast. The company positions itself alongside rivals Dutch Bros. and Starbucks.
Read at Fast Company
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