Honest Company, Inc.

Honest Company, Inc. (HNST) priced its initial public offering on May 6, 2021 at $16.00 per share, within its $14.00–$17.00 range, raising $412.9M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $1.44B. Morgan Stanley was lead-left underwriter, joined by J.P. Morgan, Jefferies and BofA Securities and others. Cooley advised the company and Davis Polk advised the underwriters.

At its 2021 IPO, The Honest Company is a digitally native consumer brand focused on clean lifestyle products, founded in 2012. It sells a multi-category range of products designed for consumers at every age and life stage, through an omnichannel mix of retail and online sales.

Status

IPO

Ticker

HNST

Exchange

Nasdaq Global Select

Priced

May 6, 2021

IPO price

$16.00

Price range

$14.00–$17.00

Raised

$412.9M

Market cap at IPO price

$1.44B

First filed

Apr 9, 2021

Underwriters

Morgan Stanley, J.P. Morgan, Jefferies, BofA Securities, Citigroup, William Blair, Guggenheim, Telsey, Loop Capital and Ramirez & Co.

Company counsel

Cooley

Underwriters' counsel

Davis Polk

Sector

Consumer

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.