april 26 reuters  jessica albas honest co said on monday it was aiming for a valuation of over 15 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 cofounded 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 a 735 million settlement for wrongly labelling ingredients in some products as natural plantbased 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 the los angelesbased company looking to list its shares on the nasdaq under the symbol hnst said in its filing it was offering around 258 million shares between 14 and 17 each honest would receive around 110 million at the upper end of the range excluding proceeds from shares offered by stockholders the company said it was planning to use the proceeds from the offering to fund marketing and directtoconsumer advertising as well as launch new products and buy complementary businesses morgan stanley jefferies and jp morgan are among the lead underwriters for the offering reporting by niket nishant in bengaluru editing by shailesh kuber