Company News, Financial News

The Honest Company Files for IPO

Household and personal products maker said sales jumped over 27% last year.

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By: TOM BRANNA

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The Honest Co., the consumer-products company founded by actress Jessica Alba, has filed for an initial public offering. The Los Angeles-based company filed to sell $100 million worth of shares, although observers note the figure is often used as a placeholder to calculate filing fees.  In its prospectus, Honest said its sales grew 27.6% to $300.5 million in 2020, from $235.6 million in 2019. It lost $14.5 million in 2020, or 85 cents a share, compared with a loss of $1.83 a share in the pre...

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