{"id":132952,"date":"2025-09-12T19:55:09","date_gmt":"2025-09-12T19:55:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/132952\/"},"modified":"2025-09-12T19:55:09","modified_gmt":"2025-09-12T19:55:09","slug":"sp-500-nasdaq-head-for-records-with-fed-rate-cut-seen-as-done-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/132952\/","title":{"rendered":"S&P 500, Nasdaq head for records with Fed rate cut seen as done deal"},"content":{"rendered":"\n

Black Rock Coffee Bar (BRCB<\/a>) made its public debut on the Nasdaq on Friday.<\/p>\n

Shares opened at $26.50 under the ticker symbol BRCB after the Scottsdale, Ariz.-based company initially offered 14.7 million shares at $20 each.<\/p>\n

The company raised $294 million <\/a>in the initial public offering. The coffee chain currently has 158 locations stretching from the Pacific Northwest, where it was founded in 2008 in Beaverton, Ore., to Texas. It started with a drive-through model, but now 75% of locations also have a lobby for customers to sit and stay.<\/p>\n

“We have all the components of a Dutch Brothers,” CEO Mark Davis told Yahoo Finance about the company’s competitive advantage. “If you think about the drive-through only, we have the order ahead with the app, and then we have third party that can order.”<\/p>\n

“Then secondarily, we have this lobby and … when you think about the magic behind our brand, it’s certainly the baristas and the way that they engage,” he added.<\/p>\n

In the second quarter, same-store sales increased by 10.9% from a year ago.<\/p>\n

This is the first coffee chain to go public since Dutch Bros (BROS<\/a>) went public on the New York Stock Exchange in September of 2021. That stock is up around 100% since it went public at $23 per share.<\/p>\n

Black Rock Coffee Bar joins a list of recent IPOs. This week, companies including Legence (LGN<\/a>), Figure Technology, and Klarna (KLAR<\/a>) debuted on the public markets, and the crypto exchange Gemini (GEMI<\/a>) is also set to begin trading on Friday. Other IPOs earlier this year include Chime (CHYM<\/a>), Circle (CRCL<\/a>), Figma (FIG<\/a>), eToro (ETOR<\/a>), and Bullish (BLSH<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"Black Rock Coffee Bar (BRCB) made its public debut on the Nasdaq on Friday. Shares opened at $26.50…\n","protected":false},"author":2,"featured_media":132953,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,4168,62446,36380,4127,62445,56,54,55],"class_list":{"0":"post-132952","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-federal-reserve","11":"tag-highly-anticipated","12":"tag-inflation-expectations","13":"tag-nasdaq-composite","14":"tag-stock-indexes","15":"tag-uk","16":"tag-united-kingdom","17":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/132952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=132952"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/132952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/132953"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=132952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=132952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=132952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}