The Honest Company IPO Info

Company Name: The Honest Company
Stock Symbol: HNST
Exchange: NASDAQ
Status: Priced
IPO Date: 5/5/2021
IPO Price: 16.00 (-49.44%)
Underwriters
Morgan Stanley, J.P. Morgan and Jefferies

Amount of Offering: N/A
Number of Shares Offered: 25.807 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
The Honest Company is a mission-driven, digitally-native brand focused on leading the clean lifestyle movement, creating a community for conscious consumers and seeking to disrupt multiple consumer product categories. The company grew revenue 27.6% from $235.6 million in 2019 to $300.5 million in 2020. It also increased gross margin from 2019 by 370 basis points to 35.9% in 2020. The Honest Company generated a net loss of $14.5 million in 2020 while posting adjusted EBITDA of $11.2 million in 2020.

News Headlines