(Reuters) -Jessica Alba's Honest Co said on Monday it was aiming for a valuation of over $1.5 billion in its initial public offering in the United States.
Alba, known for her roles in film "Fantastic Four" and TV series "Dark Angel", in 2011 co-founded Honest, which touts its baby products as a safer alternative to those that use synthetic chemicals.
But it came under the scanner in 2016, when a lawsuit said its products contained a harsh chemical it had pledged to avoid.
Honest then reached https://reut.rs/3cChqzw a $7.35 million settlement for wrongly labelling ingredients in some products as natural, plant-based or chemical free.
The company, which also sells an array of consumer goods including sunscreen lotions, sanitizers and detergents, is planning to strengthen its online business and bolster presence in international markets, including the lucrative Asian region.
