00:00It's Benzinga, bringing Wall Street to Main Street.
00:02What's Upon a Farm, the organic baby food company co-founded by Jennifer Garner,
00:06filed for an IPO on the New York Stock Exchange, according to Bloomberg.
00:09The company reported a net loss of $28.5 million on revenue of $110.6 million in the six months through June 30th,
00:15compared with a $4.2 million loss on $65.8 million revenue in the same period last year.
00:21What's Upon a Farm produces organic, no-sugar-added pouches, bars, frozen meals, and smoothie packets aimed at children.
00:27The company was founded in 2015 by Cassandra Curtis and Ari Raz,
00:31with Jennifer Garner and former Annie's CEO John Foraker joining in 2017.
00:36Its products are stocked in over 2,800 stores, including Target, Whole Foods, and Kroger.
00:40Key investors include Cabu Venture Partners, Cambridge Companies SPG, and S2G Investments.
00:46Goldman Sachs, J.P. Morgan, Bank of America, and William Blair are leading the offering.
00:50For all things money, visit Benzinga.com.
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