Jessica Alba’s Honest Co. trades IPO at $ 16 per share

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The Honest Co., founded by actress Jessica Alba, priced its initial public offering at $ 16 a share Tuesday night, near the top of its range. The consumer products company will offer about 25.8 million shares to raise about $ 413 million. The Honest Co. is valued at around $ 1.45 billion. It is expected to begin trading on the Nasdaq on Wednesday under the symbol “HNST.”