Honest Co. shares soar more than 35% as trading begins

Shares of Honest Co. Inc. soared 35% out of the gate, after indicating a Nasdaq debut well ahead of the $16 pricing. The Los Angeles-based “clean” baby, beauty and household goods company opened at $21.22 at 11:41 a.m. ET, or 32.6% above the IPO price, then extended gains. At the opening price, the company was valued at $1.92 billion. The Renaissance IPO ETF has fallen 7.8% for the year to date, while the benchmark S&P 500 index is up 11.4% for the period.

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