Once Upon a Farm, an organic children’s nutrition company, debuted on the New York Stock Exchange under ticker “OFRM.” The stock opened at $21 per share, 16% above its IPO price of $18. Founded in 2015, the company raised $197.9 million through the sale of 11 million shares, valuing it at $724 million.
Once Upon a Farm offers organic baby foods and kid snacks. Co-founded by Cassandra Curtis, Ari Raz, Jennifer Garner, and John Foraker, the company aims to make parents’ lives easier. The company’s net sales reached $156.8 million in 2024, up 66% from the previous year, despite widening losses.
Consumer trends against ultra-processed foods have benefited brands like Once Upon a Farm. Retailers are now prioritizing organic products, providing more shelf space. The company aims to drive systemic change in childhood nutrition as a public benefit corporation. It chose to go public instead of seeking a sale to maintain its mission-driven focus.
Once Upon a Farm plans to use IPO proceeds to pay off debt, buy new equipment, and support general operations. The company initially planned to go public last year but faced delays due to a government shutdown. Interest rate cuts have spurred more IPOs this year, with seven companies raising over $150 million in a single week, including Bob’s Discount Furniture.
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