Black Rock Coffee Bar Eyes $861 Million IPO Valuation
Dubai, September 2, 2025 – (Qahwa World) – Black Rock Coffee Bar is targeting a valuation of up to $860.7 million in its New York initial public offering (IPO), the café chain announced on Tuesday. The Scottsdale, Arizona-based company aims to raise as much as $265 million by offering 14.7 million shares priced between $16 and $18 each.
This IPO represents a rare consumer sector listing at a time when the U.S. market is dominated by tech-focused debuts. It will also serve as a key test of investor appetite for consumer IPOs, with Dutch Bros being one of the last notable coffee chains to go public in 2021.
Founded in 2008, Black Rock Coffee remains founder-owned and operates drive-thru cafés offering hot and iced coffees as well as energy drinks such as Nitro Cold Brew and its signature Caramel Blondie. From its origins as a small stand in Oregon, the company has grown to more than 150 locations across seven states, from the Pacific Northwest to Texas.
The company sources most of its beans from Brazil, Ethiopia, Colombia, and Mexico. However, its prospectus warned that higher prices or reduced availability of arabica beans, dairy, and other commodities could negatively affect its operations. Coffee prices have surged to record highs this year, driven by droughts in Brazil and Vietnam and a U.S. move to impose 50% tariffs on beans imported from Brazil.
Additional tariff risks are linked to equipment such as refrigeration units and espresso machines.
Black Rock Coffee will list on the Nasdaq under the ticker BRCB, with J.P. Morgan, Jefferies, Morgan Stanley, and Baird serving as lead underwriters.
