IPOs this week : Nov. 1 - 5, 2021 (wk 44)

IPOs expected to price

• Allbirds (BIRD) on November 3. 
• NerdWallet (NASDAQ:NRDS)
• Arhaus (NASDAQ:ARHS) IPOs. 

IPO quiet period expirations

• Life Time Group (NYSE:LTH), 
• Tricon (NYSE:TCN), 
• Nuvei (NASDAQ:NVEI), 
• Volcon (NASDAQ:VLCN) to set analyst free to issue ratings. 

IPO lockup expirations

• Honest Company (NASDAQ:HNST), Sprinklr (NYSE:CXM), Waterdrop (NYSE:WDH), Talaris Therapeutics (NASDAQ:TALS), Onion Global (NYSE:OG), Bowman Consulting Group (NASDAQ:BWMN) and Anebulo Pharmaceuticals (NASDAQ:ANEB).

HNST : 1-week performance

 
5/7/21

5/13/21

The Honest Company (HNST) began trading on the Nasdaq on Wed 5 May 21

The Honest Company, Inc. manufactures and sells baby, personal, and beauty care products. It offers products in the areas of diapers, bath, body, beauty, cleaning, gifts, kids, and clothing.

• Sector(s): Consumer Cyclical
• Industry: Specialty Retail
• Full Time Employees: 191
• Incorporated in 2012 
• Headquartered in Los Angeles, California
• http://www.honest.com
  

Priced 25.8 mln share IPO at $16.00 per share, at the higher end of the $14-17 expected range

Opened at $21.22

 

 

IPOs this week : May 3 - 7, 2021 (wk 18)

IPOs expected to price

•  Honest Company (HNST) and 

• Five Star Bancorp (FSBC). 

 IPO quiet period expirations

• UTime (NASDAQ:UTME) on May 3,

• VectivBio (NASDAQ:VECT) and Reneo Pharma (NASDAQ:RPHM) on May 4. 

IPO lockup expirations

• Gatos Silver (NYSE:GATO) on May 3. . Honest IPO preview: 

 

The Honest Company (HNST) is looking to raise as much as $439M in an IPO next week that could give co-founder Jessica Alba a stake valued at about $96M. Honest Company sells baby products, cleaning supplies and cosmetics. The company plans to sell 6.5M shares and existing shareholders will sell 19.4M shares in an expected range of $14 to $17. At the top end of the range, Honest would have a market value of $1.54M. Selling shareholders include private equity firm L Catterton, Institutional Venture Partners, Lightspeed Venture Partners and General Catalyst. Jessica Alba doesn't plan to sell any of her shares. them in the offering, according to the filing. The Los Angeles-based company had a net loss of $14.5M on revenue of $301M in 2020, compared with a loss of $31M on revenue of $236M the previous year. HNST expects 2019-2025 compound annual growth rates in the clean-and-natural part of those businesses to hit 16% for diapers/wipes, 10% for skin/personal care and 4% for household/wellness.

The Honest Company Seeks $1.5B IPO

Jessica Alba's The Honest Company said today it would list on Nasdaq in an initial public offering valued over $1.5 billion. 

The Los Angeles-based company said in its filing with the Securities and Exchange Commission that it was offering around 25.8 million shares between $14 and $17 each. Honest would receive around $110 million at the upper end of the range, excluding proceeds from shares offered by stockholders.

The company said it was planning to use the proceeds from the offering to fund marketing and direct-to-consumer advertising, as well as launch new products and buy complementary businesses.