KinderCare targets valuation of up to $3.1 billion in U.S. IPO
- IPO Value: KinderCare Learning Companies, backed by Partners Group, is targeting a valuation of up to $3.09 billion in a U.S. initial public offering (IPO).
- Target Amount: The company plans to raise approximately $648 million through an offering of 24 million shares at a price range of $23 to $27 apiece.
- Partners Group Support: Swiss private equity firm Partners Group will retain a 71.1% controlling interest after the IPO.
- Reason for IPO: Proceeds from the IPO will be used primarily to reduce the company's debt.
- IPO support: The IPO is being underwritten by more than 10 Wall Street banks, including Goldman Sachs, Morgan Stanley, Barclays and J.P. Morgan.
- Stock symbol: KinderCare will trade on the New York Stock Exchange under the symbol KLC.
- IPO delay: The company had planned to go public as early as late 2021, but regulatory delays have delayed the process.
What do you investors think of this IPO?
I'll look into it, but I probably won't buy it.
That looks interesting. I'll look at the stock when it's on the market. As usual, though, I'm not going to buy anything right away in an IPO.