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Jennifer Garner’s Once Upon A Farm Goes Public At A $724 Million Valuation

The Berkeley-based organic kids snacks maker raised about $198 million in an IPO, pricing shares at $18 and opening 16% higher on the New York Stock Exchange.

  • On Friday, Feb. 6, 2026, Once Upon a Farm raised $197.9 million in an IPO priced at $18 per share and began trading on the NYSE as OFRM.
  • The company filed for an IPO in September and postponed its listing into 2026 after the longest US government shutdown disrupted plans, with Jennifer Garner and John Foraker joining in 2017.
  • On Friday, February 6, 2026, Once Upon a Farm reported a net loss of $39.8 million on $176.7 million revenue, with products in over 2,800 stores including Walmart and Target.
  • The company plans to allocate IPO proceeds to repay debt, buy equipment, and fund a spokesperson payment; Garner has already received $1 million and stock options and will get $2 million on Jan. 31, 2026.
  • Underwriters including Goldman Sachs Group Inc. led the deal, expected to be oversubscribed, with CAVU expected to hold 27.5%, as Foraker said, `we're really trying to take advantage of that and deliver more for consumers`.
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Business Wire broke the news in Crystal River, United States on Thursday, February 5, 2026.
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