The Honest Company (NASDAQ: HNST), the consumer goods company founded by actress Jessica Alba, has raised more than $412 million through its initial public offering (“IPO”). While numbers have not been officially confirmed, the company’s IPO reportedly included 25.8 million shares, sold at $16 each; initial indications were that the shares would be sold anywhere from $14 to $17. Previous reports indicated that the company anticipates using the proceeds from the IPO to fund marketing and direct-to-consumer advertising, as well as produce new products and evaluate potential acquisition opportunities. The IPO now values the company at $1.44 billion.
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About The Honest Company
The Honest Company (NASDAQ: HNST) is a mission-driven, digitally native brand focused on leading the clean lifestyle movement, creating a community for conscious consumers and seeking to disrupt multiple consumer product categories. Since its launch in 2012, Honest has been dedicated to creating thoughtfully formulated, safe and effective personal care, beauty, baby and household products, which are available online as well as an estimated 32,000 retail locations across the United States, Canada and Europe. Based in Los Angeles, the company is dedicated to its mission, which is to inspire everyone to love living consciously. The Honest Company is also driven by its values of transparency, trust, sustainability and a deep sense of purpose around what matters most to its consumers: their health, their families and their homes. For more information about the company, please visit www.Honest.com.
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