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Organic children’s food brand Once Upon a Farm has priced its initial public offering at $18 per share, marking a significant milestone for the fast-growing player in the kids' nutrition space.

The offering consists of 10,997,209 shares of common stock, including 7,631,537 shares offered by the company and 3,365,672 shares offered by certain existing stockholders.

In addition, the company has granted underwriters a 30-day option to purchase up to 1,649,581 additional shares at the IPO price, less underwriting discounts and commissions.

Shares began trading on the New York Stock Exchange on 6 February, under the ticker symbol 'OFRM'.

Once Upon a Farm said it plans to use net proceeds from the offering to repay outstanding borrowing, purchase new equipment and fund the general running of the company.

The capital infusion positions the company to further expand its production capabilities and distribution footprint as demand continues to grow for organic and minimally processed children’s food products.

The IPO is being led by Goldman Sachs & Co and JP Morgan as joint lead bookrunning managers. Additional bookrunning managers include BofA Securities and William Blair. Bookrunners also include Barclays, Evercore ISI, Deutsche Bank Securities, Oppenheimer & Co., and TD Cowen. Co-managers for the offering are Drexel Hamilton and Siebert Williams Shank.

Founded with a mission to deliver farm-fresh, organic nutrition to children at every stage of development, Once Upon a Farm has built a portfolio spanning cold-pressed fruit and vegetable pouches, freshly frozen meals, refrigerated oat bars and shelf-stable pantry snacks.

All products are organic, non-GMO, contain no added sugar, and are free from artificial flavours, colours and preservatives.

Top image: © Once Upon A Farm