Jessica Alba’s consumer goods company Honest Co files for I.P.O

The company, which plans to list its shares on the Nasdaq under the symbol "HNST", said its revenue jumped about 28% to $300 million for the year ended Dec. 31, with diapers and wipes accounting for about two-thirds of its sales.

84

Honest Co, a consumer goods company founded by actress Jessica Alba, filed for a U.S. initial public offering on Friday following a strong year that was driven by a pandemic-driven surge in demand for baby products, lotions and sanitisers.

The company, which plans to list its shares on the Nasdaq under the symbol “HNST”, said its revenue jumped about 28% to $300 million for the year ended Dec. 31, with diapers and wipes accounting for about two-thirds of its sales.

Net loss for the period also narrowed to $14.5 million from $31.1 million a year earlier, it said in a filing https://bit.ly/3t6QCgu with the U.S. Securities and Exchange Commission (SEC).The company`s move to list its shares comes as it plans to strengthen its online business, while bolstering its presence at third-party sellers and in international markets, including the lucrative Asian region.

Leave A Reply

Your email address will not be published.