Jessica Alba's Honest Company Pulls $413 Million in IPO

The Honest Company is one of the top firms that benefited from the coronavirus pandemic, as the demand for some of its cleaning products spiked during the lockdowns. The Honest Company, the natural baby and beauty firm backed by popular actress Jessica Alba has pulled $413 million in its Initial Public Offering (IPO). As reported by Bloomberg, the firm raised that much capital from the sales of 25.8 million shares with 6.5 million shares being sold out by the company and existing investors selling 19.4 million.