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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Related Contacts
C. Thomas Hopkins Partner in Charge – Los Angeles Los Angeles, San Diego
Nicole Brookshire Partner Boston
Siana Lowrey Partner San Francisco
Sara Semnani Partner Los Angeles
Carlos Ramirez Partner San Diego
Erika G. Kaneko Associate New York
Jessica Girone Associate Los Angeles
Pilar Brito Associate Los Angeles
Barbara Mirza Partner Los Angeles, Palo Alto
Austin Holt Associate Los Angeles
Megan Drill Associate San Diego
Alexander Lee Partner Los Angeles
Natasha Leskovsek Of Counsel Washington, DC
Mark Windfeld-Hansen Partner Palo Alto
John Paul Oleksiuk Partner New York, Los Angeles
David Navetta Partner Colorado
Kristopher Kleiner Associate Colorado
Amy Saldamando Paralegal Specialist Los Angeles
TJ Graham Partner Palo Alto
Vikki Nguyen Associate New York
Ross Eberly Partner Los Angeles
Eileen Leman Associate Los Angeles
Jacqueline Grise Partner Washington, DC
Sharon Connaughton Special Counsel Washington, DC
David Burns Associate Washington, DC
Matt Howsare Special Counsel Washington, DC
Scott Dailard Partner San Diego, Washington, DC
William O'Connor Partner San Diego
Francis Wheeler Partner Colorado
Karen Tsai Special Counsel Washington, DC
Maricel Mojares-Moore Special Counsel San Francisco
Greg Reith Associate Washington, DC
Chris Rhem Paralegal Specialist San Francisco