{"id":152266,"date":"2025-09-12T20:35:08","date_gmt":"2025-09-12T20:35:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/152266\/"},"modified":"2025-09-12T20:35:08","modified_gmt":"2025-09-12T20:35:08","slug":"nasdaq-notches-5th-straight-record-dow-tumbles-as-wall-street-gears-up-for-fed-week","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/152266\/","title":{"rendered":"Nasdaq notches 5th straight record, Dow tumbles as Wall Street gears up for Fed week"},"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":152267,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,120,101,81621,121,7699,968,43743],"class_list":["post-152266","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-dow-jones-industrial-average","tag-economy","tag-inflation-expectations","tag-nasdaq-composite","tag-next-week","tag-president-trump","tag-the-federal-reserve"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/152266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=152266"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/152266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/152267"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=152266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=152266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=152266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}