IPO Report: Jessica Alba’s Honest Co. prices IPO at $16 a share

The Honest Co., founded by actress Jessica Alba, priced its initial public offering at $16 a share late Tuesday, near the top of its range.

The consumer-products company will offer about 25.8 million shares to raise about $413 million. The Honest Co. has a valuation around $1.45 billion.

It is expected to begin trading Wednesday on the Nasdaq under the ticker “HNST.”

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