Jennifer Garner’s Once Upon a Farm Revives IPO Initiatives
Once Upon a Farm, an organic food company focusing on baby food and kids’ snacks, is set to revitalize its IPO initiatives. This news follows an updated S-1 filing with the SEC, as reported by Reuters. The company had planned to go public last year but halted its efforts due to a government shutdown.
IPO Plans Resume
After a period of inactivity, Once Upon a Farm filed its updated S-1 on a recent Tuesday. This filing suggests renewed interest in the IPO market. The proposed share price range is between $17 and $19, which positions the company for a potential stock market debut on February 6, as noted by IPOScoop.
Company Background
Founded in 2015, Once Upon a Farm has gained attention in the organic food sector. Notable co-founders include actress Jennifer Garner, alongside Cassandra Curtis and Ari Raz. Garner joined the company after its inception, bringing her celebrity status to the brand.
Financial Overview
With leading investment banks like Goldman Sachs and J.P. Morgan on board, the company aims to raise at least $208.9 million. This fundraising effort would value the company at approximately $764.4 million. To date, Once Upon a Farm has secured nearly $100 million in funding from various investors, including S2G Ventures and CAVU Consumer Partners.
Key Financial Details
| Details | Figures |
|---|---|
| Proposed Share Price | $17-$19 |
| IPO Valuation | $764.4 million |
| Funds Raised | Approximately $100 million |
| Target Amount for IPO | At least $208.9 million |
| Expected IPO Date | February 6 |
As Once Upon a Farm gears up for this important milestone, the company’s trajectory reflects a broader trend in the IPO landscape. Stakeholders and investors are watching closely as they anticipate the upcoming launch.
