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 – Santa Monica , Los Angeles – Santa Monica, Los Angeles – Downtown
Siana Lowrey  Partner San Francisco
Sara Semnani  Partner Los Angeles – Santa Monica, Los Angeles – Downtown
Carlos Ramirez  Partner San Diego
Jessica Girone  Associate Los Angeles – Santa Monica, Los Angeles – Downtown
Barbara Mirza  Partner Los Angeles – Santa Monica, Los Angeles – Downtown
Austin Holt  Associate Los Angeles – Santa Monica, Los Angeles – Downtown
Megan Drill  Associate San Diego
Xander Lee  Partner Los Angeles – Santa Monica, Los Angeles – Downtown
Natasha Leskovsek  Of Counsel Washington, DC
Mark Windfeld-Hansen  Senior Counsel Palo Alto
John Paul Oleksiuk  Partner New York, Los Angeles – Santa Monica
David Navetta  Partner Colorado
Kristopher Kleiner  Special Counsel Colorado
Amy Saldamando  Paralegal Specialist Los Angeles – Santa Monica
TJ Graham  Partner Palo Alto
Ross Eberly  Partner Los Angeles – Santa Monica, Los Angeles – Downtown
Eileen Leman  Associate Los Angeles – Downtown, Los Angeles – Santa Monica
Jacqueline Grise  Partner Washington, DC
Sharon Connaughton  Special Counsel Washington, DC
David Burns  Special Counsel Washington, DC
Matt Howsare  Partner 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