Once Upon a Farm Prices IPO at $18, Valued Over $720M

Once Upon a Farm Sets IPO Price at $18 Per Share

Once Upon a Farm PBC, the organic kids' snack company co-founded by actress Jennifer Garner, has priced its initial public offering at $18 per share. The offering consists of nearly 11 million shares, positioning the company for a market valuation exceeding $720 million based on its outstanding shares.

Offering Details and Market Position

The final price of $18 per share sits within the company's previously stated range of $17 to $19. This valuation reflects investor interest in the rapidly growing organic food sector. The Berkeley-based company, which was founded in 2015, has established a strong brand presence with its focus on organic and real food recipes for children.

Financial Performance Overview

Filings with the U.S. Securities and Exchange Commission show strong revenue growth, reaching $176.7 million for the nine months ended September 30, up from $107.6 million in the prior-year period. However, the company's net loss also widened to $39.8 million from $11.6 million over the same period, while its gross margin slightly decreased from 42% to 40%.

Summary and Outlook

The IPO marks a significant step for Once Upon a Farm as it transitions into a public company. Investors will be monitoring its path to profitability and its ability to sustain revenue growth in a competitive market. The market's response to the offering will be a key indicator of confidence in the company's long-term strategy.

FAQ

Q: What is Once Upon a Farm's IPO price?
A: The IPO is priced at $18 per share.

Q: What is the estimated market value of the company at its IPO price?
A: The company is estimated to have a market value of more than $720 million.

Q: Did the company's revenue grow?
A: Yes, revenue grew to $176.7 million for the nine months ended September 30, up from $107.6 million in the same period a year earlier.

Source: Investing.com