Jessica Alba made a fortune on Wednesday.
The “Sin City” actress earned a windfall of cash after shares of her beauty and baby products brand, The Honest Company, went public and its stock rose by 44%.
The company’s stock closed at $23 after shares were priced at $16 in its initial public offering. According to Bloomberg, Alba’s 5% stake in the company and her exercisable options netted her approximately $122 million on its first day.
“I feel like I’m in a dream, to be honest. Wow. Is this really happening?” Alba told Bloomberg TV. “I’m so grateful to our very loyal community. Thank you for bringing us into your home. Thank you for trusting us with you most precious people, your little people.”
Alba is the co-founder and chief creative officer of The Honest Company, which makes and sells baby products, as well as skin care, bath and beauty items.
The company, which launched in 2012, is now valued at almost $2.1 billion, the outlet noted.
Alba shared a video attending the opening bell at the Nasdaq MarketSite in NYC to celebrate the company’s initial public offering.
“Today was a pretty epic #morningroutine -it is an honor to be ringing the bell 🔔 , surrounded by my team and family -this has been 9 years in the making,” Alba captioned the post.
“Deep gratitude to our Honest community for helping us get here today. We are just getting started and I’m thrilled to start this next chapter with all of you.”
The 40-year-old “L.A.s Finest” star was joined by husband Cash Warren and their children: Honor, 12, Haven, 9, and Hayes, 3.
LISTEN on the Audacy App
Sign Up and Follow Audacy
Facebook | Twitter | Instagram