Jennifer Garner’s company Once Upon a Farm files for IPO

Once Upon a Farm, the baby food company co-founded by Jennifer Garner, has made a major move by filing a registration statement with the U.S. Securities and Exchange Commission (SEC). The company is aiming to list its common stock on the New York Stock Exchange under the ticker symbol “OFRM” pending approval.

According to the company’s IPO filing, Once Upon a Farm saw a 66% increase in its six-month revenue as of June 30. However, the company also noted in the filing that it has a history of losses and there is no guarantee of achieving or sustaining profitability in the future.

Goldman Sachs and J.P. Morgan have been appointed as joint lead underwriters for the proposed stock offering, as stated by the company in a press release.

Founded in 2015 by Cassandra Curtis and Ari Raz, Once Upon a Farm initially focused on providing nutritious and convenient food for babies. Over time, the company expanded its product line to cater to children of all ages. Based in Berkeley, Once Upon a Farm offers a range of organic products including refrigerated pouches, oat bars, frozen meals, and pantry snacks. All of their 115+ products are organic, non-GMO, and free from added sugar, artificial flavors, colors, and preservatives.

One of their popular products is the Dairy-Free Smoothie Variety Pack, which sells for $61.50 for a 15-pack. Jennifer Garner, a co-founder of Once Upon a Farm, has been actively involved in promoting the brand. She often shares insights from her family farm in Locust Grove, Oklahoma, which serves as a source of inspiration for the company’s products, on her personal Instagram account.

Once Upon a Farm has yet to respond to requests for comments regarding their recent filing with the SEC. With its commitment to providing healthy and organic food options for children, the company continues to make waves in the industry. Stay tuned for more updates on Once Upon a Farm’s journey to the stock market.