The Honest Company – $475 Million IPO

Los Angeles – May 10, 2021 – Cooley advised The Honest Company, a consumer goods company founded by actress Jessica Alba, on its $475 million initial public offering of 29,678,050 shares of common stock, which includes the full exercise of the underwriters’ option to purchase additional shares. Partners Tom Hopkins, Nicole Brookshire, Siana Lowrey and Sara Semnani led the Cooley team advising Honest. 

Morgan Stanley, J.P. Morgan and Jefferies acted as joint lead book-running managers and as representatives of the underwriters for the offering. BofA Securities, Citigroup, William Blair and Guggenheim Securities also acted as book-running managers. Telsey Advisory Group, C.L. King & Associates, Loop Capital Markets, Penserra Securities and Ramirez & Co. acted as co-managers.

“We are excited to be a part of The Honest Company’s next steps in their growth as they aim to continue to expand their environmentally conscious footprint and provide consumers with a wide range of quality products,” said Hopkins. “Cooley has worked closely with Honest since the early days of their inception, and we are honored to support such a diverse team that has been tirelessly dedicated to building an inclusive and ethical company with such a strong focus on their important mission and values.”

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. Since its launch in 2012, Honest has been dedicated to creating thoughtfully formulated, safe and effective personal care, beauty, baby and household products.

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