Once Upon a Farm, an organic food brand recognized for its baby food and children's snacks, is renewing its plans for an initial public offering (IPO), as indicated by recent filings with the SEC. The company had initially aimed to launch its IPO last year but postponed it due to the government shutdown.
On Tuesday, the company submitted an updated S-1 registration statement, outlining a share price range of $17 to $19, which suggests a revival of its IPO process. This move may hint at a recovering IPO market, with the company anticipated to go public on February 6.
Founded in 2015, Once Upon a Farm features actress Jennifer Garner among its co-founders, alongside seasoned entrepreneurs Cassandra Curtis and Ari Raz. With Goldman Sachs and J.P. Morgan leading the underwriting process, the company aims to secure at least $208.9 million, positioning itself with a valuation of $764.4 million.
To date, the company has successfully raised nearly $100 million in funding, attracting investments from firms such as S2G Ventures and CAVU Consumer Partners.