Jennifer Garner's baby food company Once Upon a Farm files for IPO: report
The Berkeley, Calif.-based company has tapped a group of investment banks for the IPO, which could occur as soon as this year, said the sources, who cautioned that the plans could change, depending on market conditions.
Goldman Sachs and JPMorgan are the lead underwriters, said the sources, who requested anonymity because the plans are confidential.
Advertisement
Once Upon a Farm, the organic baby food company co-founded by Jennifer Garner, has filed confidentially for an initial public offering in New York.
Getty Images for Once Upon A Farm
The offering could value the company at about $1 billion, one of the persons said. Once Upon a Farm did not immediately respond to a request for comment, Goldman Sachs and JPMorgan declined to comment.
Garner is known for her work in the TV drama 'Alias' and films including 'Dallas Buyers Club' and 'Catch Me If You Can.' A mother of three, she has said she cares deeply about childhood nutrition, and she grows some produce for Once Upon a Farm on her family's century-old farm in Oklahoma.
Advertisement
Once Upon a Farm was founded in 2015 by Cassandra Curtis and Ari Raz to create more nutritious baby-food options. In 2017, Garner and John Foraker, the former CEO of food brand Annie's, joined the company as co-founders.
The company's products for babies, toddlers and children range from oat bars to cold-pressed pouches and frozen meals, and they are sold in supermarkets across the US.
Goldman Sachs and JPMorgan are the lead underwriters The offering could value the company at about $1 billion, sources said.
AFP via Getty Images
An IPO for the company would build on momentum for market debuts in the US, a sector that has lately thawed after the Trump administration's tariff announcements earlier this year cast a chill.
Advertisement
So far this year, IPOs listed in the US have raised about $27 billion, down from $41 billion in the same period last year, according to data compiled by Dealogic. But this year's figure is more than in 2022 and 2023, when IPOs raised $22 billion and $24 billion, respectively, over the same time frame, according to Dealogic.
In its Nasdaq debut last week, digital bank Chime jumped 59%, valuing the company at $18.4 billion. The stock of stablecoin issuer Circle Internet Group climbed to $103.75 and was halted several times for volatility during a wild first day of trading earlier this month.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
Datadog Earns Forbes Global 2000 Spot, Unveils New AI, Observability Features at DASH 2025
Datadog Inc. (NASDAQ:DDOG) is one of the best NASDAQ growth stocks to buy for the next 3 years. On June 20, Datadog announced its inclusion on the Forbes Global 2000 and Forbes Global 2000 United States Lists for 2025. The recognition highlights the company's global impact and financial strength, with Forbes' annual ranking based on sales, profits, assets, and market value. For the trailing 12 months ending March 31 this year, Datadog reported $2.8 billion in revenue, which was up 26% year-over-year. As of then, Datadog served ~30,500 customers, which included companies such as Samsung, NASDAQ, Shell, Autodesk, and Toyota. A close-up of a laptop with a software engineer coding on the monitor. This milestone closely followed Datadog's annual DASH conference, which was held in New York City from June 9 to 11 this year, which attracted record attendance. At the event, Datadog unveiled several new products and features. These innovations include new AI agents for rapid application issue resolution, new LLM observability capabilities to monitor agentic AI and improve model performance, and AI security capabilities for protection against critical AI risks. Datadog also launched an Internal Developer Portal to ship production-ready code quickly and introduced new long-term retention, search, and data residency capabilities. Datadog Inc. (NASDAQ:DDOG) operates an observability and security platform for cloud applications in the US and internationally. While we acknowledge the potential of DDOG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
5 hours ago
- Yahoo
Jim Cramer on Palantir: 'I Say it Can be Bought'
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 25 stocks Jim Cramer recently shared insights on. Cramer highlighted his past predictions of the company stock going to $200 and said that he's 'sticking by that.' He commented: 'But what do we do with the very different set of winners for the first half? I want you to consider the GE Vernovas and the Howmets and the Palantirs, the stocks that are likely to finish the year dramatically higher from these exalted levels. What do you do with the stocks that have been on a run nonstop for 26 weeks, though? I think you send them on one of those two-week vacations like that Southeast Asia, Cape Town, maybe New Zealand. You pay no attention to them. Let them have a good time. Just take them off your screen, come back to them when the rotations run its course. A software engineer manipulating a vast network of code on virtual monitors. Palantir (NASDAQ:PLTR) develops software platforms that enable data integration, analysis, and decision-making for intelligence, defense, and commercial applications. The company provides tools like Gotham, Foundry, Apollo, and its AI platform to transform complex data into actionable insights. While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 hours ago
- Yahoo
Lime's Long-Awaited IPO Is Finally on Track: Uber-Backed Scooter Startup Reports $686M Revenue and 'Cash Flow Positivity'
Lime, the electric bike and scooter rental startup backed by Uber (NYSE:UBER), has hired Goldman Sachs (NYSE:GS) and JPMorgan Chase (NYSE:JPM) to prepare for a U.S. initial public offering expected to launch next year, Reuters reports. Founded in 2017, Lime operates in more than 280 cities across nearly 30 countries, offering short-term rentals for electric bikes and scooters. According to Reuters, the San Francisco-based startup has been considering a public listing for several years, but the current uptick in IPO activity may provide a timely window to execute the move. Don't Miss: Maximize saving for your retirement and cut down on taxes: . Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. In February, Lime reported a 32% increase in net revenue, reaching $686 million for 2024. The company also confirmed that it was free cash flow positive for the second year in a row, a rare feat in the micromobility sector, which has historically struggled to stay afloat. Lime CEO Wayne Ting described 2024 as "an exceptional year" for the company, citing strong results across key financial and operational metrics, including record profits and expanded global reach. 'We grew profits faster than revenue in 2024, posting another record year of results through serving more than 24 million riders in hundreds of communities around the world and bringing Lime to more cities globally,' Ting said in a statement. 'While we saw record demand in 2024, we're just scratching the surface of micromobility's potential to transform cities and better connect people.' Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — According to Reuters, the potential IPO follows a broader rebound in the U.S. public listing market, which raised nearly $27 billion in 2024 so far, a 45% increase compared to the same period last year. Although the total still falls short of the 2021 record of $177 billion, companies like Circle Internet (NYSE:CRCL), which recently raised over $1 billion through an IPO, have signaled growing investor interest in growth-stage tech firms, Reuters says. Lime's IPO may test investor sentiment in the micromobility space, where competitors like Bird have filed for bankruptcy in recent years, Reuters reports. Unlike others in its category, Lime received prior investment from Uber and is among the few micromobility firms still pursuing public markets. Uber led a funding round for Lime in 2020, at which time the company was reportedly valued at $510 million. According to Reuters, sources familiar with the matter expect the upcoming IPO to value Lime significantly higher than its last reported valuation, although exact figures have not yet been sustainability remains a core focus for Lime as it scales globally. According to the company, Lime riders helped avoid an estimated 20,000 metric tons of CO₂ emissions in the last year by replacing car trips with shared electric vehicles. Lime estimates its service replaced over 43 million car trips in 2024 and prevented the consumption of roughly 2.2 million gallons of gasoline, equal to approximately 8.5 million liters. The company says it also continues to lower its own operational footprint. By offering electric scooters and bikes for trips under five miles, Lime says it aims to shift the way urban communities move while supporting city efforts to reduce traffic congestion and meet climate goals. Read Next: How do billionaires pay less in income tax than you?. Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Lime's Long-Awaited IPO Is Finally on Track: Uber-Backed Scooter Startup Reports $686M Revenue and 'Cash Flow Positivity' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
