Business
Jessica Alba eyes $123m windfall as company gets set to hit Wall Street – Sydney Morning Herald
The actress is set to cash in as Honest Co, the company that she founded a decade ago, files for an IPO.
The Honest Co. and its shareholders are seeking as much as $US439 million ($563 million) in a US initial public offering that could give co-founder Jessica Alba a stake valued at about $US96 million ($123 million).
The personal care brand will offer 6.5 million shares, while existing investors will sell 19.4 million, according to a filing Monday with the US Securities and Exchange Commission. The shares are being offered at $US14 to $US17 each.
Hollywood actress Jessica Albas stake is set to be…
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