Jessica Alba'' s Honest Co. Dives in Market Launching
< img src="https://images.wsj.net/im-334281/social" class="ff-og-image-inserted"/ > Shares of the Honest Co., the eco-friendly consumer-goods service co-founded by actress Jessica Alba, leapt 33% in their very first public trading on Wednesday.
Honest’s shares opened at $21.22, compared to the going public cost of $16. Based on the opening price, Honest is valued at $2.48 billion.
More just recently, the stock traded at $22.10 a share.
The Los Angeles business concentrates on infant items such as diapers, clothing, bath products and skin care, in addition to family items and face masks. Honest’s shares are noted on the Nasdaq Stock Exchange under the symbol HNST.
The IPO raised more than $100 million for Honest, which the business prepares to utilize for broadening its item lines and geographical reach.
Released at Wed, 05 May 2021 16:57:00 +0000
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