Black Rock Coffee Bar Stock Makes A Strong Debut On Nasdaq
Synopsis
The Scottsdale, Arizona-based drive-through-focused coffee chain raised $294.1 million through the IPO, with 14.7 million shares on offer.
Black Rock Coffee Bar Inc.’s (BRCB) shares made a strong debut on Nasdaq on Friday, with the company’s shares listing at $26.5 apiece.
At the time of writing, Black Rock Coffee Bar’s shares were hovering at $25.5 or 28% higher compared to the issue price of $20.
The Scottsdale, Arizona-based drive-through-focused coffee chain raised $294.1 million through the initial public offering (IPO), with 14.7 million shares on offer.
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