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Jessica Alba’s Honest Co., Investors Raise $413 Million in IPO

  • Healthy products maker priced shares within marketed range
  • Listing gives actress a stake valued at about $90 million
Jessica Alba
Jessica Alba

Photographer: David Paul Morris/Bloomberg

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The Honest Co., the personal care brand co-founded by actress Jessica Alba, raised $413 million in an initial public offering priced within a marketed range.

The company and its shareholders on Tuesday sold about 25.8 million shares for $16 each, according to a statement confirming an earlier Bloomberg News report. The shares had been marketed for $14 to $17, with the company offering 6.5 million shares and existing investors selling 19.4 million.