Jessica Alba earned an honest fortune on Wednesday.
The Honest Company went public Wednesday morning, raising $413 million in its IPO. The company, which trades on the Nasdaq under the ticker HNST, opened strong, with its stock price rising more than 40 percent intra-day, and closing at $23 per share. The company was valued at more than $1.4 billion in its IPO.
As The Honest Company’s founder and chief creative officer, Alba is also a significant stakeholder in the company, which manufactures and sells diapers and other baby products, as well as skin care, bath and beauty products.
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