KinderCare Learning Stock Soars in Trading Debut [Yahoo! Finance]
KinderCare Learning Companies, Inc. (KLC)
Company Research
Source: Yahoo! Finance
The IPO price of $24 was near the low end of the company's anticipated $23 to $27 price. KinderCare said it will use the proceeds to pay off debt and expenses. Shares of KinderCare Learning Companies ( KLC ) surged on their first day of trading Wednesday after the firm raised $576 million in an initial public offering (IPO) The operator of child-care centers announced Tuesday night that it had sold 24 million shares at $24 each, near the low end of its estimated range of $23 to $27 per share. In addition, the underwriters have a 30-day option to purchase an additional 3.6 million shares at the IPO price. Shares recently were trading up more than 9% at $26.25. The company noted that it would use the money "to repay amounts outstanding under its existing indebtedness and pay expenses." In an earlier regulatory filing, KinderCare said it had $548.4 million in loans outstanding and $7.3 million in other expenses. In the same filing, it reported it had revenue of $2.5 billion
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KLC
News
- KinderCare Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- KinderCare Reports Third Quarter 2024 Financial ResultsBusiness Wire
- KinderCare to Announce Third Quarter 2024 Results on November 20Business Wire
- KinderCare Learning Companies: Aided By Pandemic Subsidies [Seeking Alpha]Seeking Alpha
- Platinum Equity's Ingram Micro seeks up to $5.4 billion valuation in US IPO [Yahoo! Finance Canada]Yahoo! Finance Canada
KLC
Earnings
- 11/20/24 - Beat
KLC
Sec Filings
- 11/21/24 - Form 10-Q
- 11/20/24 - Form 8-K
- 10/31/24 - Form 8-K
- KLC's page on the SEC website