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The Honest Company Sets Anticipated IPO Range

Los Angeles-based The Honest Company has set its anticipated IPO range, saying in a filing on Monday morning that it is now expecting to price its IPO at between $14.00 and $17.00 per share. The company has applied to list on the Nasdaq Global Select Market as HNST. The Honest Company said it is offering up 6,451,613 shares of its common stock in the offering, which is being underwritten by Morgan Stanley, J.P. Morgan, Jefferies, BofA Securities, Citigroup, William Blair, Guggenheim Securities, Telsey Advisory Group, C.L. King & Associates, Loop Capital Markets, Penserra Securities LLC, and Ramirez & Co., Inc. The company's top shareholders are THC Shared Abacus, LP, Institutional Venture Partners, Fidelity, and General Catalyst. The company--which sells health, home, and personal care products--is notable for its involvement of celebrity Jessica Alba.