Alba's Honest Co. files for IPO amid pandemic-fueled demand
As the Jessica Alba-founded start-up Honest Co. eyes a listing on the stock market, it’s picking up an additional $70 million in funding. The filing comes amid heightened demand for personal-care and cleaning supplies during the pandemic. Sales last year were just over $300 million, according to the filing, a 28% increase from 2019 in part because of soaring interest in household supplies. The company recorded a net loss of $14.5 million in 2020 and adjusted earnings before interest, taxes, depreciation and amortization of $11.2 million. Since its launch in 2012, Honest has forged relation...