Jessica Alba Says Taking The Honest Company Public Was Like Giving Birth
Jessica Alba's lifestyle brand The Honest Company went public on Wednesday (May 5).
Jessica Alba says taking The Honest Company public was like getting ready for birth.
The 40-year-old actress and businesswoman — who has Honor, 12, Haven, nine, and Hayes, three, with husband Cash Warren — is the co-founder of the clean beauty brand in 2011.
On Wednesday morning (May 5), The Honest Company went public and raised US$413 million (S$548 mil) in its IPO, according to The Hollywood Reporter. The company, which trades on the Nasdaq under HSNT, opened strong, with its stock price rising more than 40 per cent intra-day, and closing at US$23 per share. The company was valued at more than US$1.4 billion in its IPO.
Money, money, money: Jessica Alba, the founder of The Honest Company, ringing the Opening Bell at Nasdaq in New York City on May 5, 2021.
She told People: "I just knew I wanted to build a brand that could stand the test of time. I knew that I wanted to have a modern, more ethical way to meet consumers' needs. There was a huge white space. It was like, however, we get there, we need to get there.
"Every single moment has mattered so much and I learned so much along the way. You know when you're pregnant and every month when your baby goes from a walnut and then eventually it's like the size of a grapefruit, then it becomes a melon. Every stage feels so different and new. Once you actually have the baby, you're like, the real work has now started. That's how I feel today."
The consumer goods brand started out offering natural alternatives to common baby products but expanded to include beauty and skincare products and was valued at US$1 billion by Forbes in 2015.
She explained: "There's a lot of fear just from the unknown and doubt from the unknown. But the more and more people see us at those tables and see us show up in these different environments where you're not used to seeing us in the same way that you're used to seeing men, that will continue to help change the narrative.
"Half the population isn't represented in all of these sectors. Why? We need to be more active to make sure that that doesn't happen for this next generation.
"That our kids are growing up with a totally different understanding of what's possible and who you can be." — BANG SHOWBIZ
Photos: TPG News/Click Photos