BREAKING: Organic food company Once Upon a Farm is resuming its IPO plans, according to an SEC filing and reports from Reuters. The company, co-founded by actress Jennifer Garner, is now targeting a debut date of February 6, 2024, with an anticipated share price range of $17 to $19.
This significant move comes after the company paused its IPO plans last year amid the government shutdown, raising questions about the stability of the overall IPO market. The updated filing, submitted on Tuesday, signals a potential thaw in market conditions, making this a pivotal moment for investors and industry watchers alike.
Once Upon a Farm aims to raise at least $208.9 million with a projected valuation of $764.4 million. The company has garnered nearly $100 million in funding to date, with notable investors like S2G Ventures and CAVU Consumer Partners.
The IPO is being led by financial heavyweights Goldman Sachs and J.P. Morgan, emphasizing the seriousness of this venture. Founded in 2015, Once Upon a Farm specializes in organic baby food and kids’ snacks, catering to the growing demand for healthy and sustainable options in the market.
As this story develops, it highlights a renewed interest in IPOs, suggesting that investors might be ready to engage again after a challenging period. Watch for updates as the company prepares for its upcoming launch, which could reshape the landscape for organic food products targeting families.
Stay tuned for more updates as the IPO date approaches, and share this news with fellow investors and parents looking for healthier food options for their children.
