The Honest Company’s $475 Million IPO

Cooley LLP advised The Honest Company on the deal.

The Honest Company, a consumer goods company founded by actress Jessica Alba, announced 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. 

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.

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.

The Cooley team included Tom Hopkins, Nicole Brookshire, Siana Lowrey, Sara Semnani, Carlos Ramirez, Erika Kaneko, Jessica Girone, Sky Taylor, Pilar Brito, Barbara Mirza, Austin Holt, Megan Sacher, Alexander Lee, Natasha Leskovsek, Mark Windfeld-Hansen, John Paul Oleksiuk, David Navetta, Kris Kleiner, TJ Graham, Vikki Nguyen, Ross Eberly, Eileen Leman, Jacqueline Grise, Sharon Connaughton, David Burns, Matt Howsare, Scott Dailard, Bill O’Connor, Francis Wheeler, Karen Tsai, Maricel Mojares-Moore and Greg Reith.

Involved fees earner: Pilar Brito – Cooley LLP; Nicole Brookshire – Cooley LLP; David Burns – Cooley LLP; Sharon Connaughton – Cooley LLP; Scott Dailard – Cooley LLP; Ross Eberly – Cooley LLP; Jessica Girone – Cooley LLP; TJ Graham – Cooley LLP; Jacqueline Grise – Cooley LLP; Austin Holt – Cooley LLP; Thomas Hopkins – Cooley LLP; Matt Howsare – Cooley LLP; Erika Kaneko – Cooley LLP; Kristopher Kleiner – Cooley LLP; Alexander Lee – Cooley LLP; Eileen Leman – Cooley LLP; Natasha Leskovsek – Cooley LLP; Siana Lowrey – Cooley LLP; Barbara Mirza – Cooley LLP; Maricel Mojares-Moore – Cooley LLP; David Navetta – Cooley LLP; Vikki Nguyen – Cooley LLP; William O’ Connor – Cooley LLP; John Paul Oleksiuk – Cooley LLP; Carlos Ramirez – Cooley LLP; Greg Reith – Cooley LLP; Megan Sacher – Cooley LLP; Sara Semnani – Cooley LLP; Sky Taylor – Cooley LLP; Karen Tsai – Cooley LLP; Francis Wheeler – Cooley LLP; Mark Windfeld-Hansen – Cooley LLP;

Law Firms: Cooley LLP;

Clients: The Honest Company, Inc.;

Author: Martina Bellini