Jennifer Garner’s Once Upon a Farm Shares Surge 17% Post $198 Million IPO
Once Upon a Farm PBC, co-founded by actress Jennifer Garner, experienced a 17% surge in its stock price following its initial public offering (IPO). The organic kids’ snacks brand successfully raised $197.9 million, marking a significant milestone for the company.
Trading Debut Details
The company’s shares debuted at an offering price of $18. By the end of the trading session on Friday, the stock closed at $21.05 per share in New York.
Market Performance
During the trading day, shares peaked at $22, representing an increase of 22% over the IPO price. This strong performance contributes to a market valuation of approximately $847 million.
Key Facts
- Company: Once Upon a Farm PBC
- Co-founder: Jennifer Garner
- IPO Amount Raised: $197.9 million
- Initial Share Price: $18
- Closing Share Price: $21.05
- Highest Share Price During Trading: $22
- Market Value: $847 million
This IPO highlights the growing demand for organic children’s snacks, a niche that Once Upon a Farm has effectively targeted in the market.
