Sep. 12 at 7:35 AM
$LKNCY
Blackrock coffee IPO
The Scottsdale, Arizona-based company sold about 14.7 million shares at
$20, compared with its marketed range of
$16 to
$18 apiece. The IPO valued it at
$956.3 million.
AI search:
Black Rock Coffee Bar had 158 company-owned stores across seven states (Arizona, California, Colorado, Idaho, Oregon, Texas, and Washington) as of June 30, 2025, with plans to open an additional 30 stores in 2025 and reach 1,000 locations by 2035, according to reports from August 2025. The chain began in 2008 as a single drive-thru kiosk in Beaverton, Oregon, and has since doubled its size since 2020.
So Luckin should have market cap of
$200 billion then?
1) Luckin is still seriously undervalued.
2) Blackrock coffee will be seriously overvalued. 1000 stores by 2035, haha. Luckin does this in 1 or 2 months in China.
3) How many stores will Luckin have in US by 2035?
What are your thoughts?
https://www.reuters.com/business/retail-consumer/cafe-chain-black-rock-coffee-bar-raises-294-million-us-ipo-2025-09-12/