Once Upon a Farm has officially started its roadshow for a proposed initial public offering, according to a company filing. The organic baby food company submitted a Form S-1 registration statement with the Securities and Exchange Commission to offer a total of 10,997,209 shares of common stock.
The planned issuance is split between new shares and existing holder sales. Once Upon a Farm is expected to issue 7,631,537 shares directly, while current stockholders plan to sell 3,365,672 shares. In addition, the company has granted the underwriters a 30-day option to purchase up to 1,649,581 additional shares.
The prospective initial public offering price range is set between $17 and $19 per share. Once Upon a Farm has indicated that net proceeds from the offering will be allocated to several specific purposes: repaying outstanding borrowings under its credit facility, purchasing new operational equipment, making certain payments that are conditioned upon the offering, and for general corporate purposes.
The company has applied to list its common stock on the New York Stock Exchange under the ticker symbol "OFRM."
Financial institutions leading and supporting the proposed offering are listed in the filing. Goldman Sachs and J.P. Morgan are serving as joint lead bookrunning managers. BofA Securities and William Blair are acting as bookrunning managers. Barclays, Evercore ISI, Deutsche Bank Securities, Oppenheimer, and TD Cowen are listed as bookrunners. Drexel Hamilton and Siebert Williams Shank are co-managers on the transaction.
Separately included in the filing text was promotional content about an AI-driven stock picking product. It states that AI computing powers are changing the stock market and describes Investing.com’s ProPicks AI, which purportedly includes dozens of stock portfolios selected by the product. The text reports that year to date, two out of three global portfolios are beating their benchmark indexes, with 88% in the green. It also states that the flagship Tech Titans strategy doubled the S&P 500 within 18 months and names Super Micro Computer (+185%) and AppLovin (+157%) as notable winners.
Following that promotional passage, a line advertises a New Year’s Sale - 55% OFF.