Once Upon a Farm IPO Raises Nearly $198 Million

IPO Details and Valuation

Once Upon a Farm, the organic children's food company co-founded by actor Jennifer Garner, has successfully raised nearly $198 million in its U.S. initial public offering. The company offered approximately 11 million shares priced at $18 each, the midpoint of its target range. This offering values the Berkeley-based business at about $724.2 million.

Market Context and Company Background

The IPO comes amid signs of a recovering market, with experts forecasting a breakout year for new listings in 2026. Founded in 2015 and joined by Garner in 2017, the company caters to the growing demand for organic and transparently sourced children's food, offering products like cold-pressed pouches and frozen meals.

Future Outlook and Potential Risks

While the health-focused food trend benefits the brand, the company's prospectus identifies potential supply chain risks. Trade barriers in Mexico and South America, where it sources key ingredients, could cause shortages and raise costs. Analysts note that companies exposed to cross-border trade remain vulnerable to geopolitical tensions.

Summary

Once Upon a Farm's strong market debut reflects investor confidence in the organic food sector. However, its future performance may be influenced by its ability to navigate international trade challenges. The company will begin trading on the NYSE under the ticker symbol "OFRM", with Goldman Sachs and J.P. Morgan as lead underwriters.

FAQ

Q: How much did Once Upon a Farm raise in its IPO?
A: The company raised nearly $198 million by offering 11 million shares at $18 apiece.

Q: What is Once Upon a Farm's stock symbol?
A: It will trade on the New York Stock Exchange under the symbol "OFRM".

Source: Investing.com