Black Rock Coffee Bar Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

Rhea-AI Summary

Black Rock Coffee Bar (Nasdaq: BRCB) has successfully completed its Initial Public Offering (IPO), including the full exercise of the underwriters' option to purchase additional shares. The company offered a total of 16,911,764 shares of Class A common stock at $20.00 per share, generating aggregate gross proceeds of $338.2 million before deducting underwriting discounts and other expenses.

The offering included 2,205,882 additional shares from the underwriters' fully exercised option. The IPO was led by prominent underwriters including J.P. Morgan, Jefferies, Morgan Stanley, and Baird, with Stifel and William Blair serving as additional book-running managers and Raymond James as lead manager.

Positive

• Successfully raised $338.2 million in gross proceeds from IPO
• Full exercise of underwriters' option to purchase additional shares indicates strong demand
• Strong syndicate of reputable underwriters including J.P. Morgan, Jefferies, and Morgan Stanley
• Listing on Nasdaq Global Market provides enhanced visibility and liquidity

Negative

• Potential dilution for existing shareholders
• Additional regulatory requirements and costs associated with being a public company
• Market volatility risks for new public company shareholders

News Market Reaction

-0.40%

18 alerts

-0.40% News Effect

+15.3% Peak Tracked

-2.4% Trough Tracked

-$6M Valuation Impact

$1.45B Market Cap

0.1x Rel. Volume

On the day this news was published, BRCB declined 0.40%, reflecting a mild negative market reaction. Argus tracked a peak move of +15.3% during that session. Argus tracked a trough of -2.4% from its starting point during tracking. Our momentum scanner triggered 18 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $6M from the company's valuation, bringing the market cap to $1.45B at that time.

Data tracked by StockTitan Argus on the day of publication.

SCOTTSDALE, Ariz., Sept. 15, 2025 (GLOBE NEWSWIRE) -- Black Rock Coffee Bar, Inc. (Nasdaq: BRCB) (“Black Rock Coffee Bar”) today announced the closing of its initial public offering of 16,911,764 shares of its Class A common stock, which includes the exercise in full by the underwriters of their option to purchase 2,205,882 additional shares, at an initial public offering price of $20.00 per share. All of the shares were offered by Black Rock Coffee Bar. The aggregate gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses were $338.2 million. Black Rock Coffee Bar’s Class A common stock is listed on the Nasdaq Global Market under the ticker symbol “BRCB.”

J.P. Morgan, Jefferies, Morgan Stanley and Baird acted as lead book-running managers for the offering. Stifel and William Blair acted as additional book-running managers and Raymond James acted as lead manager for the offering.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission (the “SEC”) on September 11, 2025. A prospectus relating to and describing the terms of the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov. The offering is being made available only by means of a prospectus. Copies of the 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: prospectus-eq_fi@jpmchase.com; 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 prospectus_department@jefferies.com; 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 syndicate@rwbaird.com.

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
investors@br.coffee
(541) 208-1860

FAQ

How much did Black Rock Coffee Bar (BRCB) raise in its IPO?

Black Rock Coffee Bar raised $338.2 million in gross proceeds through its IPO, before deducting underwriting discounts and other offering expenses.

What was the IPO price for Black Rock Coffee Bar (BRCB) shares?

Black Rock Coffee Bar's IPO was priced at $20.00 per share.

How many shares did Black Rock Coffee Bar (BRCB) sell in its IPO?

Black Rock Coffee Bar sold 16,911,764 shares of Class A common stock, including 2,205,882 additional shares from the fully exercised underwriters' option.

Which investment banks led Black Rock Coffee Bar's IPO?

J.P. Morgan, Jefferies, Morgan Stanley, and Baird acted as lead book-running managers for the IPO.

What stock exchange is Black Rock Coffee Bar (BRCB) listed on?

Black Rock Coffee Bar is listed on the Nasdaq Global Market under the ticker symbol BRCB.