HNST News

2021 went down as a historic year for the IPO market, with both activity and proceeds reaching record levels. A lesser-known record: the explosion of early lock-up provisions. In effect, IPO insiders are now able to cash out earlier than ever. Key takeaways

• Once rare, early lock-up provisions exploded in 2021
• Tech IPOs account for most early...read more

Eight IPOs and four SPACs went public this past week. One IPO postponed, UK-based biotech Gyroscope Therapeutics (VISN), citing market conditions. Filing activity maintained a comfortable pace/remained moderate, with seven IPOs and 10 SPACs submitting initial filings. The week’s best performer, Sacramento bank Five Star Bancorp (FSBC)...read more

The Honest Company, a non-toxic lifestyle brand of baby, skin, and household products, raised $413 million by offering 25.8 million shares (75% secondary) at $16, within the range of $14 to $17. At pricing, the company commands a fully diluted market value of $1.6 billion. The Honest Company is a health and environmentally-conscious lifestyle brand that sells a...read more

Updated Monday, 5/3. 10 IPOs are expected to raise a total of $1.4 billion in the first week of May. The lineup is led by Jessica Alba’s highly-anticipated lifestyle brand, The Honest Company (HNST). The largest deal of the week, non-toxic lifestyle brand The Honest Company (HNST) plans to raise $400 million at a $1.6...read more