Company News, Financial News

The Honest Company Seeks $1.5B IPO

Jessica Alba's company will list on Nasdaq under "HNST" with shares priced $14-17.

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By: TOM BRANNA

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Jessica Alba's The Honest Company said today it would list on Nasdaq in an initial public offering valued over $1.5 billion.  The Los Angeles-based company said in its filing with the Securities and Exchange Commission that it was offering around 25.8 million shares between $14 and $17 each. Honest would receive around $110 million at the upper end of the range, excluding proceeds from shares offered by stockholders. The company said it was planning to use the proceeds from the offeri...

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