Jennifer Garner’s Once Upon a Farm Rises 17% After $198 Million IPO
Once Upon a Farm PBC, the organic kids snacks maker co-founded by actress Jennifer Garner, jumped 17% in its trading debut Friday after the company and some of its investors raised $197.9 million in an initial public offering.
The stock closed at $21.05 per share in New York, above its IPO price of $18. Shares rose as much as 22% to $22 apiece earlier in the session. The closing price gives the company a market value of $847 million, based on the outstanding shares.