KinderCare Learning Companies, Inc.

KinderCare Learning Companies, Inc. (KLC) priced its initial public offering on Oct 9, 2024 at $24.00 per share, within its $23.00–$27.00 range, raising $576M, and listed on NYSE. At the IPO price its market capitalization was about $2.74B. Goldman Sachs was lead-left underwriter, joined by Morgan Stanley, Barclays and J.P. Morgan and others. Ropes & Gray advised the company and Kirkland & Ellis advised the underwriters.

KinderCare Learning Companies, Inc. is a provider of early childhood education in the United States. It serves children from six weeks to 12 years old at more than 1,500 early education centers and about 900 before- and after-school sites in 40 states and the District of Columbia.

Status

IPO

Ticker

KLC

Exchange

NYSE

Priced

Oct 9, 2024

IPO price

$24.00

Price range

$23.00–$27.00

Raised

$576M

Market cap at IPO price

$2.74B

First filed

Oct 18, 2021

Underwriters

Goldman Sachs, Morgan Stanley, Barclays, J.P. Morgan, UBS, Baird, BMO Capital Markets, Deutsche Bank, Macquarie, Loop Capital, Ramirez & Co. and R. Seelaus

Company counsel

Ropes & Gray

Underwriters' counsel

Kirkland & Ellis

Sector

Business services

Country / state

OR

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.