Once Upon a Farm, an organic food company known for its baby food and kids’ snacks, is resuming its plans for an initial public offering. The company had initially planned to hold its IPO last year but paused the process amid a government shutdown.
An updated filing with the SEC this week offered a price range of seventeen to nineteen dollars per share, indicating the process has officially resumed. This move may signal a thaw in the overall IPO market. The company is expected to make its market debut on February sixth.
Once Upon a Farm was founded in 2015. Among its co-founders is actress Jennifer Garner, who joined alongside serial founders Cassandra Curtis and Ari Raz. With Goldman Sachs and J.P. Morgan acting as the lead bankers, the company aims to raise at least 208.9 million dollars, targeting a valuation of 764.4 million dollars.
To date, the company has raised nearly 100 million dollars in funding. Its investors include S2G Ventures and CAVU Consumer Partners.