American coffee chain founded in 2008 in Oregon: 158 locations across 7 U.S. states, including Texas, California, and Arizona. The company specializes in coffee and energy drinks through a drive-thru format and has grown into a brand with a distinctive atmosphere and style.

The company aims to raise $250M, making this IPO one of the most notable consumer-sector offerings in 2025.

Financial performance — steady revenue growth and network expansion driven by new store openings and improved operational efficiency.
Strong founders — Jeff Hernandez (Co-Founder & CEO) and Daniel Brand (Co-Founder & Owner) continue to drive the company’s vision and strengthen its market position.
Growth prospects — large-scale expansion and brand development enable the company to compete confidently with Dutch Bros and Starbucks, securing its place in one of the fastest-growing markets in the U.S.

IPO Black Rock Coffee Bar — one of the most anticipated offerings in the consumer sector. Application and funding deadline — Thursday, 6:00 PM (UAE).

Black Rock Coffee Bar offers a rare opportunity to invest in a fast-growing U.S. drive-thru coffee chain. The company is rapidly expanding its footprint, strengthening its brand, and confidently competing with Dutch Bros and Starbucks, positioning itself among the most prominent players in the U.S. coffee market.

IPO Black Rock Coffee Bar: one of the most notable consumer-sector offerings of the year, highlighting strong investor interest in the coffee and retail market.
Ecosystem: a network of 158 coffee shops across 7 U.S. states, specializing in the drive-thru format, coffee, and energy drinks.
Innovation: focus on fast service and a unique customer experience that differentiates the brand from competitors.
Institutional focus: steady expansion under the backing of an investment partner and the vision of experienced founders.
Founders: Jeff Hernandez (Co-Founder & CEO) and Daniel Brand (Co-Founder & Owner).
Strong metrics: 158 locations, consistent revenue growth, IPO valuation of ~$813M with up to $250M expected to be raised.

Black Rock Coffee Bar was founded in 2008 in Oregon, USA, by Jeff Hernandez and Daniel Brand. Their vision was to build a next-generation coffee brand — one that emphasized drive, energy, and the convenience of a drive-thru format where customers could order without leaving their cars.

From the very beginning, the company focused on fast service and a distinctive atmosphere. The first stores quickly gained popularity, and Black Rock expanded beyond Oregon. By the 2020s, the chain had grown to seven states, including Texas, California, and Arizona.

The drive-thru model became the brand’s hallmark: Black Rock offered not only coffee but also its own line of energy drinks, combining quality with speed and convenience. This approach enabled the company to compete with Dutch Bros and even Starbucks, carving out its own niche in the market.

By 2024, Black Rock Coffee Bar had grown into a network of 158 locations serving hundreds of thousands of customers. The company demonstrated steady revenue growth and established itself as a recognized player in the U.S. consumer sector.

Now Black Rock is preparing for an IPO on Nasdaq with a target valuation of around $813M and plans to raise up to $250M. For investors, this represents an opportunity to back a brand that combines a resilient business model, a distinctive concept, and strong potential for nationwide scale. The IPO of Black Rock Coffee Bar is set to be a key indicator of market appetite for new formats in the food and beverage industry.

— What is an IPO?
An IPO (Initial Public Offering) is when a private company lists its shares on a stock exchange for the first time to raise capital from investors. From that point onward, the company’s shares can be freely bought and sold on the open market.

— Where are IPOs conducted?
IPOs take place on the world’s largest stock exchanges. In the U.S., the primary venues are the NYSE (New York Stock Exchange) and NASDAQ. Once a company goes public, its shares are freely traded on these exchanges, and the market price is established after the offering.

— What is allocation?
Allocation (from “allocation” — distribution) refers to the process of distributing resources, assets, or capital for maximum efficiency. In investing, allocation usually means distributing the available amount of shares among investors in an IPO or private placement.

— How much allocation does an investor receive?
The allocation size depends on the specific deal and typically ranges from 2% to 30% of the submitted order. Information about the actual allocation becomes available roughly one day before the offering, approximately six hours prior to the trade.

Example — Bullish IPO:
An investor placed an order for $10,000. The allocation was 29.6%, meaning $2,960 was invested in the IPO. The remaining $7,040, including the purchase commission, was refunded to the balance and became available for withdrawal.

— Why do companies go public?
To raise growth capital, increase brand visibility, and provide early investors and employees with an opportunity to sell part of their shares.

— How is participating in an IPO different from buying shares on the exchange?
When you participate in an IPO, you buy shares before they start trading publicly. This provides an opportunity to purchase at the fixed offering price but also carries the risk that the price may drop once trading begins.

— What do I get by participating in an IPO through Regolith?
You become an investor in the company at the IPO stage via our U.S. partner infrastructure. After the transaction is completed and the lock-up period expires, profits from the share sale are distributed among investors proportionally to their stake in the deal.

— What is a lock-up period and how long does it last?
A lock-up period is a timeframe set by the issuer and underwriters during which shares cannot be sold. For IPOs offered through our platform, this period is 93 days. Once it ends, the shares are sold on the exchange and proceeds are distributed among investors.

— How is participating through the platform different from buying shares independently?
To buy independently, you would need access to a U.S. broker, a significant investment amount, and approval from underwriters. The platform pools capital from investors, providing access to IPOs that are otherwise unavailable to most individuals.

— Through whom is IPO participation carried out?
We operate through a U.S.-based structure that works with a licensed broker in the U.S. Our partner selects promising IPOs and participates in the offering under its own name.

— How is the deal structured legally?
An investor signs an agreement/offer to participate in the investment product. Regolith then transfers funds to its partner entity — Wealthy Labs Limited (the provider), which enters into a forward contract with the broker and executes all operational activities. The provider delivers the financial outcome to Regolith, which then distributes proceeds among investors.

— Is there a minimum investment amount?
Yes. Each IPO has a defined minimum entry threshold, shown on the offering page. On average, Regolith provides access starting from $500.

— Do I receive shares into my personal brokerage account?
No. Shares are purchased and held in the partner’s brokerage account. After the lock-up period, the broker sells the shares and transfers proceeds for distribution among investors.

— Can shares be transferred directly to my brokerage account?
No. Participation is structured via a forward contract with the partner’s brokerage infrastructure. The deal is executed on behalf of the partner, and settlements with investors are carried out through the platform.

— How can I sell my shares after the IPO?
Sales are processed automatically: once the lock-up expires, the partner broker sells the shares on the exchange, and proceeds are distributed proportionally among investors.

— What are the risks of investing in IPOs?
IPOs are high-risk investments. While they may offer high returns, they also carry significant volatility. Share prices on the first trading day — and after the lock-up — can fluctuate sharply. There is a risk that the market price will fall below the offering price. In addition, macroeconomic and sector-specific factors can affect outcomes.

— Can I know in advance how much I will earn?
IPO returns are not guaranteed. The final result depends on the share price at the time of sale after the lock-up, overall market conditions, and the company’s performance.

— How can I verify that Regolith participates in IPOs?
We publish all available deal information in the client dashboard. Additionally, we provide an agreement disclosing the infrastructure used for transactions. Broker and partner documents are not shared, as they contain confidential data protected by contractual obligations.