Jennifer Garner’s Once Upon a Farm resumes IPO plans
Organic baby food company Once Upon a Farm has restarted its IPO process, filing an updated S-1 and targeting a February debut as public markets show early signs of reopening.
Organic food company Once Upon a Farm, best known for its baby food and children’s snack products, is moving forward again with plans for an initial public offering, according to a filing with the U.S. Securities and Exchange Commission and reporting by Reuters. The company had initially aimed to go public last year but paused the process amid the government shutdown.
On Tuesday, Once Upon a Farm submitted an updated S-1 filing that included a proposed price range of $17 to $19 per share, signalling that the IPO process is back on track. The filing suggests the company could make its public market debut on February 6, according to IPOScoop, which may signal early signs of renewed momentum in the broader IPO market.
Founded in 2015, Once Upon a Farm counts actress Jennifer Garner among its co-founders, alongside serial entrepreneurs Cassandra Curtis and Ari Raz, with Garner joining the company later. Goldman Sachs and J.P. Morgan are leading the offering, and the company is seeking to raise at least $208.9 million at a valuation of approximately $764.4 million.
According to PitchBook, Once Upon a Farm has raised nearly $100 million in funding to date. Its investor roster includes S2G Ventures and CAVU Consumer Partners.
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