Once Upon a Farm, PBC (OFRM), the organic baby food and children’s snack company with actor Jennifer Garner among its co-founders, priced its IPO at $18.00 – the mid-point of its range – on Thursday night, Feb. 5, 2026. The Berkeley, California-based company priced nearly 11 million shares at $18.00 each to raise $197.95 million. Once Upon a Farm’s stock shot up $3.00 – opening at $21.00 – when it started trading on the New York Stock Exchange early Friday afternoon (Feb. 6, 2026).
Goldman Sachs and J.P. Morgan led the joint book-running team.
BofA Securities, William Blair, Barclays, Evercore ISI, Deutsche Bank Securities, Oppenheimer & Co. and TD Cowen also served as joint book-runners.
At pricing, Once Upon a Farm had a market cap of $724.17 million.
CEO John Foraker has served on the company’s board since becoming a co-founder in September 2017, the prospectus said. From 2003 to 2014, he was the CEO and a director of Annie’s Inc., a leading natural and organic food brand. He played a pivotal role in taking Annie’s public in 2012 just before its buyout by General Mills, Inc.
Once Upon a Farm, PBC (OFRM) is not profitable, according to financial statements in the prospectus: The company reported a net loss of $48.12 million on revenue of $201.59 million for the 12 months that ended June 30, 2025.
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