Jennifer Garner’s Once Upon a Farm Rises 17% After $198 Million IPO
Yahoo Finance • • business
Key Points:
- Once Upon a Farm PBC, co-founded by actress Jennifer Garner, raised $197.9 million in its initial public offering, with shares closing 17% above the IPO price at $21.05, giving the company a market value of $847 million.
- The Berkeley-based organic kids snacks maker sold about 7.6 million shares, with the offering oversubscribed more than 12 times, reflecting strong investor demand for its premium no-sugar-added fruit and vegetable products.
- Jennifer Garner, who joined the company in 2017, plays an active role in investor relations and business operations, receiving substantial compensation including stock options and milestone payments through 2028.
- The company originally filed for the IPO in September but delayed the
