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Why Investors Are Betting on Lyst

Why Investors Are Betting on Lyst
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Jessica Alba's Honest Co. Has Crashed 30% Since Its IPO 3 Days Ago


by Tyler Durden
Monday, May 10, 2021 - 01:01 PM
From its highs at $23.88 on its IPO day, Jessica Alba s Honest Co. has plunged over 30% to $16.52 this morning.
On Wednesday, everyone was excited as the stock which IPO d at $16, surged over 40% to its highs (after opening at $21.22).
But now, down over 30% from those highs, the stock is nearing its IPO price.
Alba co-founded the direct-to-consumer brand in 2011 and now serves as chief creative officer.
Alba is not alone, IPOs (and SPACs) have been a shitshow since the February peak exuberance levels.
As Bloomberg notes, there have been hints that the pandemic boom is starting to subside for packaged goods, with ....

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