Jessica Alba is officially a mogul. On Wednesday, the “L.A.’s Finest” star took The Honest Company public, raising a whopping $413 million in its IPO, with stocks closing at $23 per share by the end of the trading day.
According to The Hollywood Reporter, regulatory findings indicate that Alba owns more than 5.6 million shares in the company, which she founded in 2011 and was valued at more than $1.4 billion in its IPO.
Given her stake in the company, those shares are currently valued at just under $130 million. RELATED: Jessica Alba’s Honest Company Settles $1.55M Lawsuit For Being ‘Dishonest’ In addition to her shares in the company, which manufactures baby products and skin-care items, Alba will also receive a one-time $2.6 million
Read more on etcanada.com