Black Rock Coffee Bar Announces Launch of Initial Public Offering

Company Overview - 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 engaging baristas [5] - Founded in 2008 in Beaverton, Oregon, it has grown from a single 160 square foot coffee bar to one of the fastest growing beverage companies in the U.S. by revenue, with over 150 locations across seven states [5] Initial Public Offering (IPO) Details - Black Rock Coffee Bar announced the launch of its initial public offering of 14,705,882 shares of Class A common stock, with an expected price range of $16.00 to $18.00 per share [1] - The company plans to grant underwriters a 30-day option to purchase an additional 2,205,882 shares at the IPO price, less underwriting discounts and commissions [1] Listing Information - The Class A common stock is expected to be listed on the Nasdaq Global Market under the ticker symbol "BRCB" [2] - J.P. Morgan, Jefferies, Morgan Stanley, and Baird are acting as lead book-running managers for the offering, with Stifel and William Blair as additional book-running managers [2]