Jessica Alba Is Honestly Having a $2.2 Billion Better 5th of May Than You Are
Happy Cinco de mayo, today was Jessica Alba’s The Honest Company’s IPO debut and has hit a market value of $2.2 Billion (HNST). Marking another great day for female founders. The company sold 6.5 million shares opening up at $21.22 above its $16 pricing ask raising $413 million. The company’s 2020 revenues were in excess of $300 million a 28% increase over 2019. It lost $14.5 million in 2020. Diapers and wipes accounted for 63% of last year’s sales.