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Jessica Alba’s Honest Co. soars 44% in stock market debut

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Shares of Honest Co., the diaper and baby-wipe seller, have soared in their stock market debut, valuing the company at nearly $2.1 billion. Actress Jessica Alba founded Honest after using baby laundry detergents that caused allergic reactions.

FILE - Jessica Alba arrives at the 5th annual InStyle Awards on Monday, Oct. 21, 2019, at the Getty Center in Los Angeles. Shares of Honest Co., the diaper and baby-wipe seller founded by Alba, soared 44% in their stock market debut, Wednesday, May 5, 2021, valuing the company at nearly $2.1 billion.

NEW YORK — Shares of Honest Co., the diaper and baby-wipe seller founded by actress Jessica Alba, soared 44% in their stock market debut Wednesday, valuing the company at nearly $2.1 billion. Along with detergent, the company’s other first products included diapers and wipes that were sold on Honest Co.’s website. Today, the brand includes moisturizers, mascara and vitamins. While most of its sales come from its website, it also sells its products in major stores, including Target and Amazon.com.

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Jessica Alba's Honest Co valued at nearly $2 bln in strong market debutJessica Alba's consumer goods company Honest Co (HNST.O) was valued at $1.92 billion in its Nasdaq debut, after its shares opened 33% above their offer price on Wednesday. It's boring to sit at home alone, looking for someone to spend time with
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