Once Upon a Farm's IPO
Listed Feb 6, 2026 at $18 on NYSE as OFRM. Today 44% below its $18 offer price; its first day closed +16.9%.
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What does Once Upon a Farm do?
| Fact | Once Upon a Farm |
|---|---|
| What it does | “We are a public benefit corporation, which requires us to uphold high social and environmental standards and provide transparency for all of our stockholders.” |
| Incorporated | Delaware, 2014 |
| Headquarters | Berkeley, California |
| Employees | 144, as of September 30, 2025 |
| Website | onceuponafarmorganics.com |
What is the offering?
Each figure names the filing it is from and that filing's date. The market cap is Breakaway's arithmetic from the prospectus's share count.
| Fact | Once Upon a Farm, PBC |
|---|---|
| Shares offered | 10,997,209 (7,631,537 by the company, 3,365,672 by selling holders) |
| Offer price | $18 a share |
| Raised at that price | $198 million |
| Underwriters' discount | $13.9 million |
| Underwriters' option | 1,649,581 more shares |
| Underwriters | Goldman Sachs, J.P. Morgan, BofA Securities, William Blair, Barclays, and Evercore ISI, with 5 more |
| Exchange | New York Stock Exchange, as OFRM |
| Shares outstanding after | 40,231,814 |
| Market cap at the offer price | $724 million |
What the filing says about its money
| Fact | Once Upon a Farm, PBC |
|---|---|
| Cash | $7.4 million, as of September 30, 2025 |
| Last preferred stock | Series D preferred |
What risks does Once Upon a Farm name first?
- “We may suffer adverse public relations, need to recall our products and experience product liability claims if our products are contaminated, alleged to be contaminated or are rumored to have adverse effects, or if our products are alleged to cause illness or injury.”
- “Factors outside of our and our suppliers' control that disrupt our operations or impact the inputs, commodities, and ingredients that we use in our business.”
- “The failure to manage our supply chain effectively, including inventory levels and transportation services.”
Dates so far
| What | Day |
|---|---|
| Registration filed | Sep 29, 2025 |
| Declared effective by the SEC | Jan 30, 2026 |
| Exchange registration filed | Feb 5, 2026 |
| Priced | Feb 5, 2026 |
| First trade | Feb 6, 2026 |
| Lock-up ends | Aug 4, 2026 |
How did its first days trade?
From its daily bars, each close against its $18 offer price.
| Day | Open | Close | From the offer |
|---|---|---|---|
| Feb 6 | $21 | $21.05 | +16.9% |
| Feb 9 | $23.01 | $21 | +16.7% |
| Feb 10 | $21.33 | $21.25 | +18.1% |
| Feb 11 | $21.27 | $22.38 | +24.3% |
| Feb 12 | $22.95 | $20.73 | +15.2% |
What is Once Upon a Farm's Quality Score?
The other IPOs expected
| Company | Price |
|---|---|
| $11 to $13 | |
| $19 to $21 | |
| Tracx Logis | |
| $4 to $5 |
Once Upon a Farm IPO questions
When is Once Upon a Farm's IPO?
Listed Feb 6, 2026 at $18 on NYSE as OFRM.
What is Once Upon a Farm's IPO price?
Once Upon a Farm's IPO priced at $18 a share, per its final prospectus of Feb 9, 2026.
How many shares is Once Upon a Farm selling?
10,997,209 shares, and the underwriters may buy 1,649,581 more, per its final prospectus (424B4).
Who are the underwriters?
Goldman Sachs, J.P. Morgan, BofA Securities, William Blair, Barclays, Evercore ISI, Deutsche Bank, Oppenheimer, TD Cowen, Drexel Hamilton, and Siebert Williams Shank, as the prospectus's cover names them.
When does the lock-up end?
Once Upon a Farm, PBC's IPO lock-up ends Aug 4, 2026. Its final prospectus says: “180 days after the date of this prospectus.”
Does Breakaway rate Once Upon a Farm?
Once Upon a Farm has a Quality Score of -1 today. The score counts the 14 chart checks and the company's filings; a check that needs more history than a new stock has waits for it.
Can Breakaway say where Once Upon a Farm's price will go?
No. Breakaway does not say where a price will go. Every figure here is from the company's SEC filings, linked on each line.
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