Black Rock Coffee Bar, Inc.

Black Rock Coffee Bar, Inc. (BRCB) priced its initial public offering on Sep 15, 2025 at $20.00 per share, raising $294.1M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $967.8M. J.P. Morgan was lead-left underwriter, joined by Jefferies, Morgan Stanley and Baird and others. Latham & Watkins advised the company and Kirkland & Ellis advised the underwriters.

Black Rock Coffee Bar, Inc. operates coffee shops serving caffeinated beverages to guests through store teams of baristas. The company emphasizes connection, caffeine and community, and speed and consistency of service.

Status

IPO

Ticker

BRCB

Exchange

Nasdaq Global Market

Priced

Sep 15, 2025

IPO price

$20.00

Raised

$294.1M

Market cap at IPO price

$967.8M

First filed

Aug 18, 2025

Underwriters

J.P. Morgan, Jefferies, Morgan Stanley, Baird, Stifel, William Blair and Raymond James

Company counsel

Latham & Watkins

Underwriters' counsel

Kirkland & Ellis

Sector

Consumer

Country / state

AZ

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.