Black Rock Coffee Bar Files for Nasdaq IPO with Nationwide Presence

Black Rock Coffee Bar has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission, planning to list its Class A common stock on the Nasdaq Global Market under the ticker "BRCB." The company, which operates over 150 drive-thru locations across seven states, reported narrowing losses with a net loss of $1.95 million on $95.2 million in revenue for the first half of 2025, improving from a $2.26 million loss on $76.7 million in revenue during the same period last year. The number of shares and price range for the offering have yet to be determined, and the IPO remains subject to market conditions. J.P. Morgan, Jefferies, Morgan Stanley, and Baird are serving as lead book-running managers, with additional support from Stifel, William Blair, and Raymond James. The offering will be made available only through a prospectus, and the registration statement has been filed but is not yet effective. Black Rock Coffee Bar emphasizes its focus on providing high-quality caffeine drinks and a premium in-store experience since its founding in 2008 in Beaverton, Oregon.