Organic baby-food maker wins nearly $198 million in US IPO
Once Upon a Farm, the Berkeley-based, Jennifer Garner–co-founded children’s organic-food company, raised about $198 million in its US IPO by selling around 11 million shares at $18 each, valuing the business at roughly $724 million. Goldman Sachs and JPMorgan led the deal, and the stock will trade on the NYSE as OFRM. The offering comes amid rising IPO activity and a shift toward nutrition and transparency, with the company warning that sourcing ingredients from Mexico and South America could pose costs if trade barriers tighten.