Kirkland Represents Underwriters on Black Rock Coffee IPO

Kirkland & Ellis advised the underwriters on Black Rock Coffee Bar, Inc.’s initial public offering of 16,911,764 shares of its Class A common stock, which includes the exercise in full by the underwriters of their option to purchase 2,205,882 additional shares, at an initial public offering price of $20.00 per share. All of the shares were offered by Black Rock Coffee Bar. The aggregate gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses were $338.2 million. Black Rock Coffee Bar’s Class A common stock is listed on the Nasdaq Global Market under the ticker symbol “BRCB.” The IPO closed on September 15, 2025.

Read Black Rock’s press release

The Kirkland team included capital markets lawyers Bob Hayward, Rachel Sheridan, Ben Richards, Elise Wang and Richard Hong; executive compensation lawyers Rohit Nafday and Allison McQueeney; tax lawyers Mark Schwed, Tim Campany and Olivia Chilcott; and technology & IP transactions lawyers Matt Darch and Eliza Holland.