Lifestyle

The Honest Company IPO makes Jessica Alba a multimillionaire: actress-entrepreneur’s ‘clean beauty’ stock debut nets her US$122 million




Actress Jessica Alba cemented her claim to one of the most lucrative side gigs in Hollywood after shares of her beauty business, The Honest Company, soared 44 per cent in its market debut.The “clean” beauty- and baby-products maker’s stock closed at US$23 on Wednesday after it priced the shares at US$16 in its initial public offering (IPO). Alba’s roughly five per cent stake is valued at US$98 million, according to the Bloomberg Billionaires Index. She also has exercisable options valued at…



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