Jessica Alba-backed Honest Company IPO raises $412.8 million
Reuters2021-05-05
May 4 (Reuters) - Honest Company Inc , the consumer goods company founded by actress Jessica Alba, priced its initial public offering $(IPO.UK)$ on Tuesday slightly above the midpoint of its indicated range, raising $412.8 million, a person familiar with the matter said.
Honest sold 25.8 million shares at $16 each, the source said, requesting anonymity ahead of an official announcement. The company had previously indicated shares could be sold in the IPO at $14-17 apiece.
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