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Jennifer Garner's baby food company Once Upon a Farm files for IPO on NYSE
CNBC· 2025-09-29 22:46
Company Overview - Once Upon a Farm, founded in 2015 by Cassandra Curtis and Ari Raz, specializes in nutritious food products for babies and children, with a mission to provide convenient and healthy options [3] - The company offers over 115 organic, non-GMO products that are free from added sugars, artificial flavors, colors, and preservatives, including refrigerated pouches, oat bars, frozen meals, and pantry snacks [4] IPO Announcement - Once Upon a Farm has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to list its common stock under the ticker "OFRM" on the New York Stock Exchange, pending approval [1] - Goldman Sachs and J.P. Morgan are acting as joint lead underwriters for the proposed offering [2] Financial Performance - The company reported a 66% increase in six-month revenue as of June 30, according to its IPO filing [2] - Despite the revenue growth, the company acknowledged a "history of losses" and uncertainty regarding future profitability [2] Product Pricing - A 15-pack of the best-selling Dairy-Free Smoothie Variety Pack retails for $61.50 [4]