Black Rock Coffee Bar beats expectations with $294m IPO

The Arizona-based café chain has attained a $956.3m valuation and will primarily use new capital to accelerate outlet growth

A Black Rock Coffee Bar in Stafford, Texas | Photo credit: Black Rock Coffee Bar

The Arizona-based café chain has attained a $1.27bn valuation and will primarily use new capital to accelerate outlet growth

Black Rock Coffee Bar has raised $294.1m in its initial public offering (IPO) on the Nasdaq Global Market – exceeding its target of $265m

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