Jennifer Garner’s Once Upon a Farm Rises 17% After $198 Million IPO

Co-founders of Once Upon a Farm Jennifer Garner and Cassandra Curtis ring the opening bell during the company's initial public offering on the floor of the New York Stock Exchange in New York on Feb. 6.Photographer: Michael Nagle/Bloomberg

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.