Once Upon a Farm, Co-Founded by Jennifer Garner, Raises Nearly $198 Million in IPO
Once Upon a Farm, an organic children's food company co-founded by actress Jennifer Garner, has successfully gone public in the United States. The company raised nearly $198 million in its initial public offering (IPO).
Once Upon a Farm priced its shares at $18 each for the IPO. When the company began trading on the New York Stock Exchange under the ticker symbol 'OFRM', the shares opened at $21, which is 17% higher than the initial offer price.
This public offering gives Once Upon a Farm a valuation of up to $845 million. The company creates organic foods for children, including cold-pressed pouches, pantry snacks, frozen meals, and oat bars.
An IPO, or initial public offering, is when a company sells shares to the public for the first time, allowing anyone to buy part of the company on the stock market.
Jennifer Garner is one of the co-founders of Once Upon a Farm, helping to guide the company's mission and public image.
The company sells organic children's foods like pouches, snacks, frozen meals, and oat bars.
The IPO valuation is the market's estimate of what the company is worth based on the price of its shares. In this case, Once Upon a Farm was valued at up to $845 million.
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