Jessica Alba's The Honest Company Inc. (HNST) Prices 25.807M Share IPO at $16/Sh

May 5, 2021 5:42 AM EDT

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The Honest Company, Inc. (NASDAQ: HNST) today announced the pricing of its initial public offering of an aggregate of 25,807,000 shares of common stock at a price to the public of $16.00 per share. The Honest Company is offering 6,451,613 shares of common stock and the selling stockholders named in the prospectus are offering 19,355,387 shares of common stock. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 3,871,050 shares of common stock. The Honest Company will not receive any proceeds from the sale of shares by the selling stockholders.

The shares are expected to begin trading on the Nasdaq Global Select Market on May 5, 2021 under the ticker symbol “HNST” and the offering is expected to close on May 7, 2021, subject to customary closing conditions.

Morgan Stanley, J.P. Morgan and Jefferies are acting as joint lead book-running managers and as representatives of the underwriters for the offering. BofA Securities, Citigroup, William Blair and Guggenheim Securities are also acting as book-running managers for the offering. Telsey Advisory Group, C.L. King & Associates, Loop Capital Markets, Penserra Securities LLC and Ramirez & Co., Inc. are also acting as co-managers for the offering.

The offering is being made only by means of a prospectus.



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