Black Rock Coffee Bar, a drive-thru coffee chain with over 150 locations in the Western US, announced terms for its IPO on Tuesday.
The Scottsdale, AZ-based company plans to raise $250 million by offering 14.7 million shares at a price range of $16 to $18. Cornerstone investor Wellington Management has indicated on $30 million worth of shares in the offering (12% of the deal). At the midpoint of the proposed range, Black Rock Coffee Bar would command a market value of $813 million.
The company is an operator of drive-thru and sit-in coffee bars offering various types of caffeinated beverages. It has 158 locations spanning seven states as of June 30, 2025.
Black Rock Coffee Bar was founded in 2008 and booked $179 million in sales for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol BRCB. J.P. Morgan, Jefferies, Morgan Stanley, Baird, Stifel, and William Blair are the joint bookrunners on the deal. It is expected during the week of September 8, 2025.
