Black Rock Coffee Bar Valued at $1.27 Billion After Strong Nasdaq Debut

Black Rock Coffee Bar was valued at $1.27 billion after its shares rose 32.5% above the IPO price in their Nasdaq debut, marking the first U.S. restaurant IPO since 2023 and highlighting investor demand for consumer-facing brands.

Key facts:

• Shares opened at about $26.50 versus the $20 offer price.
• The company...