L Catterton-backed Honest Company raises $412.8m for IPO: CNBC

Honest Company, a consumer goods company founded by actress Jessica Alba, has raised $412.8 million for its IPO, putting it at a valuation of $1.44 billion, reported CNBC.

Honest Company, a consumer goods company founded by actress Jessica Alba, has raised $412.8 million for its IPO, putting it at a valuation of $1.44 billion, reported CNBC. The stock is trading on the NASDAQ under the ticker symbol “HNST.” Morgan Stanley, Jefferies and J.P. Morgan are the lead underwriters. Honest Company’s pre-IPO backers include L Catterton, IVP, Lightspeed Venture Partners, Fidelity and General Catalyst.

Source: CNBC