KinderCare Learning Companies, Inc. IPO on the New York Stock Exchange

• KinderCare, the largest private provider of early childhood education in the U.S., is set to go public on the NYSE:KLC, offering 24 million shares priced between $23.00 and $27.00.
• The company has priced its shares at $24 each, aiming to raise $600 million.
• Proceeds from the IPO will be used to repay existing debt and cover expenses, supporting KinderCare's growth and stability.

KinderCare Learning Companies, Inc., the largest private provider of early childhood education in the U.S., is set to go public on the New York Stock Exchange under the symbol "KLC". The company is offering 24 million shares, with a price range of $23.00 to $27.00. This IPO is a significant step for KinderCare as it aims to strengthen its financial base.

The company has priced its shares at $24 each, as highlighted by Market Watch. This pricing is part of its strategy to raise $600 million. Additionally, underwriters have a 30-day option to purchase up to 3.6 million more shares at the initial price, excluding underwriting discounts. This option provides flexibility in managing demand for the shares.

KinderCare plans to use the proceeds from the IPO to repay existing debt and cover expenses. This financial strategy is crucial for maintaining the company's growth and stability. The offering is managed by major financial institutions, including Goldman Sachs & Co. LLC, Morgan Stanley, and Barclays, ensuring a robust entry into the public market.

The company's decision to go public reflects its ambition to expand its market presence. As the largest provider of community-based early childhood education centers in the U.S., KinderCare's IPO is a pivotal moment in its growth trajectory. The funds raised will support its mission to deliver high-quality education to more children across the country.