Honest Company Stock: Why You Should Avoid It After the IPO
April 29, 2021 at 12:55 PM EDT
Honest Company stock almost went public before. Ironically, a lack of dishonesty put it on hold. The Honest Company, founded by actress Jessica Alba, billed itself as "clean and sustainable," then it was found not to be so. Five years later, it will trade on the Nasdaq under the ticker symbol "HNST." The company said on April 26 (Monday) that it would shoot for an IPO valuation of $1.5 billion, offering over 25 million shares in the range of $14 and $17. But is Honest stock more of a buy today than it was then? Tags: IPOs The post Honest Company Stock: Why You Should Avoid It After the IPO appeared first on Money Morning - We Make Investing Profitable .