Jessica Alba: Her Honest Company to Go Public

Kimberly RipleyLife

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Jessica Alba faced criticism for her Honest Company sunscreen last year when consumers complained about getting sunburns--serious ones, too-despite using ample amounts of the product. Things are certainly looking up for Jessica Alba since then. Now her business is looking to go public.

According to a report from Bloomberg, the online shopping startup co-founded by Jessica Alba is working with both Goldman Sachs Group, Inc. and Morgan Stanley on an initial public offering.

Since Jessica Alba co-founded The Honest Company, it has expanded from solely selling natural baby products to a variety of goods. Their product list has grown to include home and beauty items, and now they are available at Target stores and Whole Food Markets, in addition to online.

Jessica Alba's company is backed by several big investors including Fidelity Management & Research Co., General Catalyst Partners, Lightspeed Venture Partners, and Wellington Management. In 2015 The Honest Company was worth approximately $1.7 billion.

Neither Jessica Alba nor reps for The Honest Company replied to Bloomberg's requests for comment.

Kimberly Ripley
Kimberly Ripley is a freelance writer and published author from Portsmouth, New Hampshire. A wife, mom of five and 'Nana' to Lilly and Aiden, she loves cooking for her big family and watching HGTV in her spare time. Kim is guilty of starting way more home design projects than she can finish. Visit her at Twitter and Facebook.