(Reuters) -Once Upon a Farm, the organic baby food company co-founded by actor Jennifer Garner, revealed higher six-month revenue in a U.S. IPO filing on Monday, becoming the latest company to seek a listing amid strong investor demand. U.S. IPO activity has picked up in recent months, reversing a slowdown earlier in the year when […]
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Jennifer Garner’s Once Upon a Farm discloses revenue jump amid busy U.S. IPO market
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(Reuters) -Once Upon a Farm, the organic baby food company co-founded by actor Jennifer Garner, revealed higher six-month revenue in a U.S. IPO filing on Monday, becoming the latest company to seek a listing amid strong investor demand.
U.S. IPO activity has picked up in recent months, reversing a slowdown earlier in the year when trade-policy uncertainty curbed momentum.
Black Rock Coffee Bar, cybersecurity firm Netskope and WaterBridge Infrastructure all saw strong debuts earlier this month, while the largest U.S. pork processor Smithfield Foods raised $571.7 million in an IPO in January.
The Berkeley, California-based firm reported revenue of $110.6 million for the six months ended June 30, up from $65.8 million in the year-ago period, according to the filing.
In June, Reuters reported that the company had confidentially filed for an IPO.
Once Upon a Farm was founded in 2015 by Cassandra Curtis and Ari Raz, and makes organic products for babies, toddlers and children, including cold-pressed pouches, oat bars and frozen meals sold in supermarkets across the United States.
Garner, known for the TV drama “Alias” and films including “Dallas Buyers Club” and “Catch Me If You Can,” and John Foraker, the former chief executive of Annie’s, joined as co-founders in 2017.
Once Upon a Farm will list on the NYSE under the symbol “OFRM”.
Goldman Sachs, J.P. Morgan, BofA and William Blair are among the underwriters for the offering.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Sahal Muhammed and Tasim Zahid)