Black Rock Coffee Bar Announces Pricing of Initial Public Offering

Rhea-AI Summary

Black Rock Coffee Bar (NASDAQ:BRCB) has announced the pricing of its Initial Public Offering (IPO), offering 14,705,882 shares of Class A common stock at $20.00 per share. The company has granted underwriters a 30-day option to purchase up to an additional 2,205,882 shares.

Trading is set to commence on the Nasdaq Global Market on September 12, 2025, with the offering expected to close on September 15, 2025. The IPO is led by prominent underwriters including J.P. Morgan, Jefferies, Morgan Stanley, and Baird, with Stifel and William Blair serving as additional book-running managers.

Positive

• Successful IPO pricing at $20.00 per share indicates strong market interest
• Potential to raise up to $294.1 million from initial share offering
• Additional $44.1 million possible through underwriters' option
• Strong lineup of prestigious investment banks as underwriters

Negative

• Potential dilution for existing shareholders
• New public company status brings increased regulatory scrutiny and compliance costs
• Market volatility risks for new public shares

Insights

IPO Market Specialist

Black Rock Coffee Bar's IPO raises $294M at $20/share, signaling market confidence in specialty coffee chain expansion.

Black Rock Coffee Bar has priced its IPO at $20.00 per share, offering 14,705,882 shares of Class A common stock. This pricing places the initial capital raise at approximately $294 million, which could expand to nearly $338 million if underwriters exercise their full option to purchase an additional 2,205,882 shares.

The company has secured significant institutional backing with J.P. Morgan, Jefferies, Morgan Stanley, and Baird serving as lead book-running managers—a strong syndicate that suggests substantial market interest. The planned Nasdaq listing under ticker symbol BRCB positions Black Rock in the public markets alongside other specialty beverage retailers.

This IPO represents a critical inflection point for Black Rock Coffee Bar, transforming it from a private company into a publicly-traded entity with enhanced access to capital markets. For a specialty coffee chain, this level of capital infusion typically signals ambitious expansion plans, as the company can now deploy significant resources toward new store openings, market penetration, and potential acquisitions.

The offering structure maintains a multi-class share system, with the IPO shares being Class A common stock. This typically indicates that founding members or early investors retain enhanced voting rights through different share classes, allowing them to maintain strategic control while accessing public market capital.

SCOTTSDALE, Ariz., Sept. 11, 2025 (GLOBE NEWSWIRE) -- Black Rock Coffee Bar, Inc. (“Black Rock Coffee Bar”) today announced the pricing of the initial public offering of 14,705,882 shares of its Class A common stock at a price to the public of $20.00 per share. Black Rock Coffee Bar has granted 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 shares are expected to begin trading on the Nasdaq Global Market on September 12, 2025 under the ticker symbol “BRCB.” The offering is expected to close on September 15, 2025, subject to customary closing conditions.

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

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on September 11, 2025. The offering is being made available only by means of a prospectus. Copies of the prospectus, when available, 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

What is the IPO price for Black Rock Coffee Bar (BRCB) stock?

Black Rock Coffee Bar has priced its IPO at $20.00 per share for 14,705,882 shares of Class A common stock.

When will Black Rock Coffee Bar (BRCB) start trading on Nasdaq?

Black Rock Coffee Bar shares are scheduled to begin trading on the Nasdaq Global Market on September 12, 2025 under the ticker symbol BRCB.

How many shares is Black Rock Coffee Bar (BRCB) offering in its IPO?

Black Rock Coffee Bar is offering 14,705,882 shares with an additional option for underwriters to purchase up to 2,205,882 more shares within 30 days.

Who are the lead underwriters for Black Rock Coffee Bar's IPO?

The lead book-running managers are J.P. Morgan, Jefferies, Morgan Stanley, and Baird, with Stifel and William Blair as additional book-running managers.

When will Black Rock Coffee Bar's IPO close?

The IPO is expected to close on September 15, 2025, subject to customary closing conditions.