Black Rock Coffee Bar announced its IPO of 14.7 million shares, pricing between $16-$18, seeking Nasdaq listing under "BRCB."
Quiver AI Summary
Black Rock Coffee Bar, Inc. has announced its initial public offering (IPO) of 14,705,882 shares of Class A common stock, with an expected price range of $16.00 to $18.00 per share. The company is granting underwriters a 30-day option to purchase an additional 2,205,882 shares at the IPO price. Black Rock Coffee Bar plans to list its shares on the Nasdaq Global Market under the ticker symbol "BRCB." J.P. Morgan, Jefferies, Morgan Stanley, and Baird are the lead book-running managers, with Stifel and William Blair assisting as additional book-running managers. A registration statement has been filed with the U.S. Securities and Exchange Commission, but it is not yet effective, and the securities cannot be sold or offered before this status changes. Founded in 2008, Black Rock Coffee Bar operates drive-thru coffee locations and has rapidly expanded to over 150 locations across seven states.
Potential Positives
- Black Rock Coffee Bar is launching an initial public offering (IPO) of 14,705,882 shares of its Class A common stock, indicating strong growth and a move towards increased capital funding.
- The proposed IPO price range of $16.00 to $18.00 per share suggests a positive reception and valuation by the market ahead of the offering.
- The company is listing on the Nasdaq Global Market under the ticker symbol “BRCB,” which enhances its visibility and credibility in the financial markets.
- Black Rock Coffee Bar is recognized as one of the fastest-growing beverage companies in the U.S. by revenue, which underscores its strong market position and potential for future expansion.
Potential Negatives
- The company is launching an initial public offering (IPO) under conditions that suggest it is still reliant on underwriters, indicating potential market uncertainty or lack of independent investor confidence.
- The registration statement for the securities has been filed but not yet become effective, which means there is a regulatory uncertainty that could delay the offering or impact investor interest.
- The offering may be perceived as an attempt to raise capital quickly, which can signal to investors that the company may need funds urgently or is not fully financially stable yet.
FAQ
What is Black Rock Coffee Bar's initial public offering?
Black Rock Coffee Bar is launching an IPO of 14,705,882 shares of its Class A common stock, expected to price between $16.00 and $18.00 per share.
Where will Black Rock Coffee Bar's stock be listed?
The company's Class A common stock will be listed on the Nasdaq Global Market under the ticker symbol “BRCB.”
Who are the underwriters for the IPO?
The lead book-running managers are J.P. Morgan, Jefferies, Morgan Stanley, and Baird, with additional managers Stifel and William Blair.
How can investors obtain the prospectus for the IPO?
Investors can obtain the preliminary prospectus from the underwriters listed in the press release via mail or email contacts.
What services does Black Rock Coffee Bar offer?
Black Rock Coffee Bar offers premium caffeinated beverages and an elevated in-store experience at its drive-thru coffee bars across multiple states.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
SCOTTSDALE, Ariz., Sept. 02, 2025 (GLOBE NEWSWIRE) -- Black Rock Coffee Bar, Inc. (“Black Rock Coffee Bar”) today announced the launch of the initial public offering of 14,705,882 shares of its Class A common stock. The initial public offering price is currently expected to be between $16.00 and $18.00 per share. Black Rock Coffee Bar expects to grant the underwriters a 30-day option to purchase up to an additional 2,205,882 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions.
Black Rock Coffee Bar has applied to list its Class A common stock on the Nasdaq Global Market under the ticker symbol “BRCB.”
J.P. Morgan, Jefferies, Morgan Stanley and Baird are acting as lead book-running managers for the proposed offering. Stifel and William Blair are acting as additional book-running managers and Raymond James is acting as lead manager for the proposed offering.
The proposed offering will be made available only by means of a prospectus. Copies of the preliminary prospectus may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email: [email protected] ; Jefferies LLC by mail at Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at (877) 821-7388, or by email at [email protected] ; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or Robert W. Baird & Co. Incorporated., 777 East Wisconsin Avenue, Milwaukee, Wisconsin 53202, Attn: Syndicate Department, by telephone at (800) 792-2473, or by email at [email protected] .
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Black Rock Coffee Bar
Black Rock Coffee Bar is a high-growth operator of guest-centric, drive-thru coffee bars offering premium caffeinated beverages and an elevated in-store experience crafted by our engaging baristas. Black Rock Coffee Bar was founded in 2008 in Beaverton, Oregon. What started as a single 160 square foot coffee bar in 2008 is now one of the fastest growing beverage companies in the United States by revenue and the largest fully company-owned coffee retailer in the country, with more than 150 locations spanning seven states from the Pacific Northwest to Texas.
Black Rock Coffee Bar:
Will MacIntosh
[email protected]
(541) 208-1860
