Company Overview - Once Upon A Farm, co-founded by Jennifer Garner, is an organic baby food company based in Berkeley, California, and has filed for an Initial Public Offering (IPO) pending SEC approval to list on the New York Stock Exchange under the ticker "OFRM" [1] Financial Performance - The company reported a 66% increase in revenue over a six-month period ending June 30, 2025, but has a history of losses, including $17.6 million in 2023 and $23.8 million in 2024 [2] - For the same six-month period ending June 30, 2025, Once Upon A Farm recorded a loss of $28.5 million on revenue of $110.6 million [2] Market Context - The appeal of a celebrity-backed business in a health-conscious market may enhance the company's prospects despite its financial challenges [3] - Historical examples of celebrity-backed IPOs, such as Beachbody and Figma, illustrate the volatility and potential for significant stock price declines following initial hype [4][5] IPO Market Trends - Investment in IPOs has softened since 2022 due to rising interest rates, with only $100 million raised in the past four years by fewer than two dozen firms [6]