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Investing.com -- Jennifer Garner’s organic baby food company Once Upon a Farm has filed confidentially for an initial public offering in New York, according to Reuters, citing sources familiar with the matter.
The Berkeley, California-based company could go public as soon as this year, with Goldman Sachs and JPMorgan serving as lead underwriters. The IPO could value the company at approximately $1 billion, one source said. The plans could change depending on market conditions.
Once Upon a Farm was founded in 2015 by Cassandra Curtis and Ari Raz to create more nutritious baby food options. Garner, known for her roles in "Alias," "Dallas Buyers Club," and "Catch Me If You Can," joined the company in 2017 along with John Foraker, former CEO of Annie’s food brand. The actress, a mother of three, grows some produce for the company on her family’s century-old farm in Oklahoma.
The company sells products for babies, toddlers, and children, including oat bars, cold-pressed pouches, and frozen meals in supermarkets across the United States.
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