US-based boutique coffee chain Black Rock Coffee Bar has unveiled the pricing of its initial public offering (IPO) at $20 per share.
The company is offering around 14.7 million shares of Class A common stock to the public.
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In addition, Black Rock Coffee Bar has provided underwriters a 30-day opportunity to acquire up to an additional 2.2 million shares at the IPO price, less underwriting discounts and commissions.
Last month, the company submitted a Form S-1 registration statement to the US Securities and Exchange Commission (SEC) in preparation for the IPO.
The shares are trading on the Nasdaq Global Market under the ticker symbol BRCB.
The offering will close today (15 September), contingent on the fulfilment of customary closing conditions.
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By GlobalDataLead book-running managers for the offering include JP Morgan, Jefferies, Morgan Stanley, and Baird, with additional book-running managers Stifel and William Blair, and Raymond James as the lead manager.
SEC declared the registration statement for Black Rock Coffee Bar’s offering effective on 11 September 2025. The offering is available exclusively through a prospectus.
Founded in 2008 in Beaverton, Oregon, Black Rock Coffee Bar operates drive-through coffee bars and has expanded to more than 150 locations across seven states.
In August 2024, the company revealed plans to increase its reach in the US market, with a new store in North Oaks, marking Black Rock Coffee Bar’s 19th Houston location.
The company further broadened its national presence with its inaugural store launch in Arvada, Colorado, last year.
