The company said late Tuesday that it sold 25.8 million shares at $16 each. Honest had previously indicated shares could be sold in the IPO at $14 to $17 apiece. The IPO values Honest at $1.44 billion.
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The Honest Company Stock |
The Honest Company is a manufacturer of consumer products dedicated to empowering people to live happy, healthy lives.
The company said late Tuesday that it sold 25.8 million shares at $16 each. Honest had previously indicated shares could be sold in the IPO at $14 to $17 apiece. The IPO values Honest at $1.44 billion.
Jessica Alba may be the celebrity face of The Honest Company, but she hasn't been involved in day-to-day operations in years, sources tell Insider.
The Honest Company's public market debut will start a new stage of growth for the consumer products company, according to actress and founder Jessica Alba.
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