Jessica Alba's The Honest Company's IPO Is Next Week -- Here's Everything Investors Need to Know
The Honest Company, a consumer products business focused on healthier choices, has filed its latest S-1 with the Securities and Exchange Commission (SEC) in advance of its initial public offering (IPO). The company was founded by Hollywood actress Jessica Alba, best known for her roles in Fantastic Four and Sin City, as well as the television series Dark Angel. The Honest Company plans to begin trading on the Nasdaq Stock Market sometime next week using the ticker "HNST."
The company plans to offer more than 6.4 million shares at a range of $14 to $17 per share. At the high end of its range, Honest Company could raise as much at $109 million, valuing the company at more than $1.5 billion. Insiders and company executives will also be selling shares in conjunction with the IPO, offering up more than 19.3 million shares, though the company won't receive any of the proceeds from the insider sale.
Image source: The Honest Company.
Source Fool.com