Jessica Alba's Honest Co. prices IPO at $16 a share
By Mike Murphy
The Honest Co., founded by actress Jessica Alba, priced its initial public offering at $16 a share late Tuesday, near the top of its range.
The consumer-products company will offer about 25.8 million shares to raise about $413 million. The Honest Co. has a valuation around $1.45 billion.
It is expected to begin trading Wednesday on the Nasdaq under the ticker "HNST."
Read more: Honest Co. IPO: 5 things to know about Jessica Alba's 'clean' baby, beauty and household company before it goes public (https://www.marketwatch.com/story/honest-co-ipo-5-things-to-know-about-jessica-albas-clean-baby-beauty-and-household-company-before-it-goes-public-11619451029)
On Monday, the company announced an expected price range of $14 to $17 a share.
Morgan Stanley, JPMorgan and Jefferies are the lead underwriters.
-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 04, 2021 22:59 ET (02:59 GMT)
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