General Information |
Business: |
We are the largest private provider of high-quality early childhood education (ECE) in the United States by center capacity. We are a mission-driven organization, rooted in a commitment to providing all children with the very best start in life. (Incorporated in Delaware)
We serve children ranging from six weeks to 12 years of age across our market-leading footprint of over 1,500 early childhood education centers with capacity for over 200,000 children and approximately 900 before- and after-school sites located in 40 states and the District of Columbia as of June 29, 2024.
We believe families choose us because of our differentiated inclusive approach and our commitment to delivering every child a high-quality educational experience in a nurturing and engaging environment. We operate all of our centers under the KinderCare platform and utilize a consistent curriculum and operational approach across our network.
We offer a differentiated value proposition to the children, families, schools and employers we serve, driven by our market-leading scale and commitment to quality, access, and inclusion. We leverage our extensive network of community-based centers, employer-sponsored programs and before- and after-school sites to meet parents where they are, which is an important factor in the context of evolving work styles as a result of the COVID-19 pandemic.
Note: Net income and revenue figures are for the 12 months that ended June 29, 2024.
(Note: KinderCare Learning Companies, Inc. priced its revived IPO at $24.00 – $1.00 above the low end of its $23.00-to-$27.00 price range – and priced 24.0 million shares – the number of shares in the prospectus – to raise $576.0 million on Tuesday night, Oct. 8, 2024. Background: KinderCare Learning Companies disclosed terms for its revived IPO – in an S-1/A filing dated Sept. 30, 2024: The company is offering 24.0 million shares at a price range of $23.00 to $27.00 to raise $600 million, if priced at the $25.00 mid-point.)
(Note: KinderCare Learning Companies filed a new S-1 for an IPO – with no terms – on Sept. 6, 2024.)
(Note: KinderCare Learning Companies, Inc. (KC Holdco) revived its previously postponed IPO – with no terms and no estimated IPO proceeds – in an S-1/A filing dated March 9, 2022. On Nov. 19, 2021, KinderCare said it had postponed its IPO, citing regulatory delays. The KinderCare deal initially had been expected to start trading on Nov. 19, a day’s delay after indications on Nov. 17 that the IPO had been trimmed in size and priced at $3 below its $18-to-$21 range – but the deal was not declared effective.)
(Note: KinderCare Learning Companies, Inc. withdrew its IPO plans in an SEC filing dated July 26, 2023. The company filed its S-1 on Oct. 18, 2021.)
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Industry: |
SERVICES-CHILD DAY CARE SERVICES |
Employees: |
35000 |
Founded: |
1969 |
Contact Information |
Address |
650 NE Holladay, Suite 1400 Portland, OR 97232 |
Phone Number |
(503) 872-1300 |
Web Address |
http://www.kindercare.com/ |
View Prospectus: |
KinderCare Learning Companies, Inc. (Revived IPO) |
Financial Information |
Market Cap |
$2744.88mil |
Revenues |
$2587.07 mil (last 12 months) |
Net Income |
$57.65 mil (last 12 months) |
IPO Profile |
Symbol |
KLC |
Exchange |
NYSE |
Shares (millions): |
24.0 |
Price range |
$24.00 - $24.00 |
Est. $ Volume |
$576.0 mil |
Manager / Joint Managers |
Goldman Sachs/Morgan Stanley/Barclays/J.P. Morgan/UBS Investment Bank/Baird/BMO Capital Markets/Deutsche Bank Securities/Macquarie Capital |
CO-Managers |
Loop Capital Markets/ Ramirez & Co./ R. Seelaus & Co. |
Expected To Trade: |
10/9/2024 |
Status:
|
Priced |
Quiet Period Expiration Date: |
Available only to Subscribers |
Lock-Up Period Expiration Date: |
Available only to Subscribers |
SCOOP Rating |
Available only to Subscribers |
Rating Change |
Available only to Subscribers |