The company's IPO comes as shoppers and policymakers alike have pushed back on ultra-processed foods.
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Once Upon a Farm
made its public market debut on Friday, trading on the New York Stock Exchange under the ticker “OFRM.”
The stock opened at $21 per share, up 16% from its initial public offering price.
The organic children’s nutrition company priced its IPO at $18 per share on Thursday, in the middle of the expected range of $17 to $19. Once Upon a Farm and backers sold about 11 million shares, raising $197.9 million and valuing the company at $724 million.
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CRO Denise Dresser said enterprise is now 40% of the company's revenue and is set to equal consumer by the end of 2026.
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While Wall Street insiders enjoyed a first day "pop," it appears Circle could have pocketed much more from its debut.
