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The company has a market value of $1.45 billion based on the outstanding shares listed in its SEC filings.
May 5, 2021
By: TOM BRANNA
Editor
Trading of The Honest Company's stock is underway. The IPO opened at $16 a share, which is in the upper half of its expected range, according to analysts. IPO Boutique said early demand for the stock is high. The Honest Company trades on the Nasdaq Global Select Market under the ticker HNST The baby and beauty products company founded by actress Jessica Alba sold 25.8 million shares, raising $412.8 million in the initial public offering. Honest Co., in a filing last month, said it expected to price its IPO at between $14 and $17, and raise as much as $504.5 million. Based on its outstanding share count following the offering, it could have a valuation of around $1.4 billion.
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