Honest co: Jessica Alba’s company is crying too
Not even for Hollywood divas like Jessica Alba is the world without problems. The multifaceted actress founded an ethical personal and household products company, Honest co. and the business had a good success, also driven by its reputation, to the point of making it decide on an IPO; a listing on the stock exchange.
The problems then emerged. The IPO had a starting price of $ 16 per share. At the opening, the price exploded to reach $ 24 per share.
Unfortunately, since the listing, the stock has started to fall and in the space of 4 days it has lost 25%, almost returning to the IPO value. Great disappointment of Alba who now acts as "Head of the creative service"
Jessica Alba shares this poor result with other IPOs and SPACs, that is, companies created by acquisitions. whose sector-specific indices are very low, especially when compared with what ordinary indices have done.
Furthermore, according to some analysts, Honest Co could pay for a change in tastes and preferences linked to the pandemic, as well as a very complex structure not suitable for the market. According to Newcostruct, the company is only worth $ 7 per share due to its presence in extremely competitive markets. Jessica Alba is crying too.
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The article Honest co: Jessica Alba's company is crying too comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/honest-co-anche-la-societa-di-jessica-alba-piange/ on Mon, 10 May 2021 21:08:30 +0000.