KinderCare Learning Companies, the largest private provider of early childhood education and care services in the US, raised $576 million by offering 24 million shares at $24, within the range of $23 to $27. At pricing, KinderCare commands a fully diluted market value of $2.8 billion.
KinderCare is the largest private provider of early childhood education and care services in the US by center capacity. The company serves children ranging from 6 weeks to 12 years of age across its market leading footprint of 1,500 early childhood education centers with capacity of more than 200,000 children and contracts for more than 900 before- and after-school sites located in 40 states and the District of Columbia as of June 29, 2024. KinderCare operates all of its centers under the KinderCare brand and utilizes a consistent curriculum and operational approach.
KinderCare Learning Companies plans to list on the NYSE under the symbol KLC. Goldman Sachs, Morgan Stanley, Barclays, J.P. Morgan, UBS Investment Bank, Baird, BMO Capital Markets, Deutsche Bank, and Macquarie Capital acted as joint bookrunners on the deal.
