Jessica Alba was already quite successful as the founder of Honest Company, the natural products business she launched in 2011. But the actress, entrepreneur, and mom just became a force on Wall Street.
Her company went public on Wednesday morning, with an initial public offering valuation at $1.4 billion, according to The Hollywood Reporter.
The trade notes that shares for the company, traded on Nasdaq under the ticker HNST, raised more than $413 million in its IPO. At its closing price of $23 a share as of the market close on its first day of trading, Alba’s 5.6 million shares are worth nearly $130 million.
Because Alba’s image and celebrity is tied to the company, which makes all-natural beauty and baby products, she also draws a $700,000 base salary according to THR, gets a half million dollar bonus, and other very lucrative stock bonuses.
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