NetworkNewsBreaks – The Honest Company (NASDAQ: HNST) Announces IPO, Raises $412.8M
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. To view the…







