(Reuters) -Honest Co, a consumer goods company founded by actress Jessica Alba, filed for a U.S. initial public offering on Friday following a strong year that was driven by a pandemic-driven surge in demand for baby products, lotions and sanitizers.
The company, which plans to list its shares on the Nasdaq under the symbol “HNST”, said its revenue jumped about 28% to $300 million for the year ended Dec. 31, with diapers and wipes accounting for about two-thirds of its sales.
Net loss for the period also narrowed to $14.5 million from $31.1 million a year earlier, it said in a filing bit.ly/3t6QCgu with the U.S. Securities and Exchange Commission (SEC).
Source: Reuters
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