URGENT UPDATE: Organic food company Once Upon a Farm, co-founded by actress Jennifer Garner, has officially resumed its IPO plans, according to a recent SEC filing and Reuters. The company, known for its baby food and kids’ snacks, is set to offer shares priced between $17 and $19, signaling a potential thaw in the IPO market after last year’s pause due to the government shutdown.
The updated S-1 filing was submitted on Tuesday, indicating that the company is ready to move forward after initially delaying its IPO plans. IPO Scoop reports that Once Upon a Farm is expected to make its market debut on February 6. The firm aims to raise a minimum of $208.9 million at a valuation of $764.4 million, with financial heavyweights Goldman Sachs and J.P. Morgan serving as lead bankers.
Founded in 2015, Once Upon a Farm has garnered significant attention, not only for its organic offerings but also for its celebrity co-founder, Jennifer Garner. Garner joined forces with seasoned entrepreneurs Cassandra Curtis and Ari Raz to create a brand focused on healthy, nutritious food options for children. The company has successfully raised nearly $100 million to date, attracting investments from prominent firms such as S2G Ventures and CAVU Consumer Partners.
This IPO marks a crucial moment for Once Upon a Farm as it seeks to expand its market presence and capitalize on the growing demand for organic baby food. The renewed interest in its IPO suggests optimism in the financial sector, which has been waiting for signs of stability amid recent market uncertainties.
Investors and market watchers will be keeping a close eye on this development, as it could set the tone for other companies looking to enter the public market. With the IPO process underway, consumers may soon see Once Upon a Farm’s commitment to healthier food options for families become even more prominent.
Stay tuned for updates as the company approaches its IPO date and prepares for a significant leap in growth and visibility in the organic food industry.
