Starbucks(US:SBUX) Fastcompany·2025-09-12 18:31Core Insights - Black Rock Coffee Bar is set to debut on the Nasdaq with an initial share price of $20, surpassing its initial estimate of $16 to $18, raising a total of $294.1 million [3] - The coffee chain has reported store revenue of $179 million for the 12 months ending June 30, 2025 [3] Company Overview - Black Rock Coffee Bar originated in 2008 in Beaverton, Oregon, starting as a small drive-thru location and has expanded to over 150 stores across several states including Arizona, California, and Texas [4] - The company offers a variety of products including coffee, tea, energy drinks, and all-day breakfast, positioning itself as a competitor to Dutch Bros and Starbucks [4] Market Context - Dutch Bros, a similar drive-thru coffee chain, had a successful IPO in 2021, with its stock jumping 70% post-debut and has recently announced its 1,000th location [6] - In contrast, Starbucks has faced challenges, with its stock price dropping nearly 10% this year and reporting six consecutive quarters of declining same-store sales [7]