Black Rock Coffee Bar IPO
Black Rock Coffee Bar, Inc. · Drive-thru coffee bar operator
- Issue price
- $20per share
- Issue size
- 1,47,05,882 sharesFresh issue · amount set with price
- Face value
- To be announcedper equity share
- Lot size
- To be announcedMin. investment shown once set
Information only, not investment advice. This page provides information compiled from official SEC filings for information purposes only. It is not investment advice or a recommendation to buy or sell any security. IPO investments involve risk, including loss of principal; read the prospectus carefully before investing.
Issue details
- Issue type
- Firm commitment, fresh issue
- Fresh issue
- 1,47,05,882 shares ($273.5M)
- Offer for sale
- None
- Total issue
- 1,47,05,882 shares
- Face value
- —
- Listing at
- Nasdaq
Source: Final prospectus (Form 424B4) dated 15 Sept 2025Updated
Financials
Consolidated, restated · ₹ crore| Period ended | 30 Jun 20256 months | 31 Dec 202412 months | 30 Jun 20246 months | 31 Dec 202312 months |
|---|---|---|---|---|
| Revenue from operations | 9.52 | 16.09 | 7.67 | 13.32 |
| Profit after tax | -0.19 | -0.72 | -0.23 | -0.88 |
| Total assets | 24.46 | — | — | — |
12 months vs 12 months: revenue +20.8%, profit after tax +18.3%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: Final prospectus (Form 424B4) dated 15 Sept 2025Updated
About the company
Black Rock operates drive-thru coffee bars that sell premium caffeinated beverages, including cold brew, lattes and its Fuel energy drinks, with some stores offering indoor lobbies. As of June 30, 2025 it ran 158 company-owned locations in seven states. The company was founded in Beaverton, Oregon in 2008.
Source: Final prospectus (Form 424B4) dated 15 Sept 2025Updated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Daniel Brand | 78.20% | 80.20% |
| Viking Cake BR, LLC | 38.70% | 45.90% |
| Jeff Hernandez | 38.70% | 45.90% |
| Entities affiliated with Daniel Brand | 11.10% | 9.60% |
| Entities affiliated with The Cynosure Group | 9.20% | 3.20% |
Source: Final prospectus (Form 424B4) dated 15 Sept 2025Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Repay all outstanding borrowings under the Credit Facility (paid by Black Rock OpCo) | 11.32 |
| Pay estimated offering expenses (paid by Black Rock OpCo) | 0.65 |
| Buy newly issued LLC Units from Black Rock OpCo, and LLC Units from the Sponsor and certain continuing owners (with corresponding Class B shares retired) | Set with price |
| General corporate purposes, to the extent proceeds remain | Set with price |
Source: Final prospectus (Form 424B4) dated 15 Sept 2025Updated
Strengths and risks
Our summary of what the offer document statesSource: Final prospectus (Form 424B4) dated 15 Sept 2025Updated
Contacts
Source: Final prospectus (Form 424B4) dated 15 Sept 2025Updated
After listing
Listing price, day-one high and low, and the change from the issue price ($20) appear here after the shares list on Nasdaq.
Work out the gain or loss on allotted shares after charges →
Frequently asked questions
What is the Black Rock Coffee Bar IPO price band?
The final issue price is $20 per share.
Where will Black Rock Coffee Bar shares list?
On Nasdaq.
How will the money raised be used?
$113.2M for , $6.5M for , and the rest for the other stated purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.