Bright Horizons Family Solutions, which is a leading provider of work site child care and early education centers, announced terms for its IPO on Monday. The Watertown, MA-based company plans to raise $202 million by offering 10.1 million shares at a price range of $19 to $21. At the midpoint of the proposed range, Bright Horizons Family Solutions would command a fully diluted market value of $1.3 billion. Bright Horizons Family Solutions, which was founded in 1986 and booked $1 billion in sales for the 12 months ended 9/30/2012, plans to list on the NYSE under the symbol BFAM. Goldman Sachs, J.P. Morgan and Barclays are the joint bookrunners on the deal.
