The Zhitong Finance App learned that the American coffee chain Black Rock Coffee Bar said on Tuesday that the company plans to seek a valuation of up to US$861 million in an initial public offering (IPO). The Scottsdale, Arizona-based company plans to issue 14.7 million shares at $16 to $18 each to raise up to $265 million.

The Zhitong Finance App learned that the American coffee chain Black Rock Coffee Bar said on Tuesday that the company plans to seek a valuation of up to US$861 million in an initial public offering (IPO). The Scottsdale, Arizona-based company plans to issue 14.7 million shares at $16 to $18 each to raise up to $265 million.