Children’s food producer Once Upon a Farm has outlined plans to raise more than $200m through an initial public offering in the US.
In a registration statement filed with the US Securities and Exchange Commission (SEC) yesterday (26 January), the company said it will offer around 11 million shares at an indicative price range of $17 to $19 per share. At the top end of the range, that would mean Once Upon a Farm would raise $208.9m.
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The offer will comprise 7.63 million new shares issued by the California-headquartered firm and 3.37 million shares from existing shareholders.
The company also plans to grant underwriters a 30-day option to purchase up to an additional 1.64 million shares of common stock at the IPO price.
Once Upon a Farm had previously targeted a public listing last year. However, it postponed the plan following a US government shutdown that temporarily halted SEC operations.
The company intends to use the proceeds from the offering to repay borrowings under its credit facility and invest in new equipment.
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By GlobalDataIt also intends to make “certain payments” contingent on the IPO and fund general corporate purposes.
Once Upon a Farm was founded in 2015 by Cassandra Curtis and Ari Raz. It expanded its leadership team in 2017 when actor Jennifer Garner and former Annie’s CEO John Foraker joined as co-founders.
The company markets organic food products for children across multiple age ranges. Its portfolio includes cold-pressed pouches, frozen meals and oat bars.
In the US, its products are available through retailers such as Whole Foods, Kroger, Walmart and Target. The company also sells through a direct-to-consumer channel.
The company plans to list its shares on the New York Stock Exchange under the ticker symbol “OFRM”.
Once Upon a Farm recorded a net loss of $17.6m in 2023 and one of $23.8m in 2024.
For the six months ended 30 June 2025, the group booked a net loss of $28.5m, compared with a $4.2m loss in the same period a year earlier.
However, Once Upon a Farm’s revenue has increased over the same period. Sales reached $94.3m in 2023 and $156.8m in 2024.
According to company disclosures, net sales rose from $66.3m in the year ended 31 December 2022 to $225.9m in the 12 months ended 30 September 2025. This represents a compound annual growth rate of 56.2%.
The company is also expanding its international footprint. Earlier this month, it announced plans for a limited UK launch in March, with products set to roll out through Whole Foods Market stores in London, marking its first entry into European retail.
