Organic food company Once Upon a Farm, known for its baby food and kids snacks, is resuming its IPO plans, per an SEC filing and Reuters. The company had initially planned to hold its IPO last year, though it paused it amid the government shutdown.
But it filed an updated S-1 on Tuesday which offered a price range of $17- $19 a share, indicating that the process has resumed, perhaps signalling that the overall IPO market is starting to thaw. The company is expected to make its debut on February 6, according to IPO Scoop.
Once Upon A Farm was founded in 2015 and counts actress Jennifer Garner among its co-founders (alongside serial founders Cassandra Curtis and Ari Raz; Garner joined later). With Goldman Sachs and J.P Mogran as the lead bankers, the company is looking to raise at least $208.9 million at a $764.4 million valuation.
The company has raised almost $100 million in funding to date, according to PitchBook, with investors including S2G Ventures and CAVU Consumer Partners.
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