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KinderCare revives plans for long-sought US IPO

Editor September 6, 2024
2024-09-06T205433Z_1_LYNXMPEK850RK_RTROPTP_4_USA-STOCKS

(Reuters) – KinderCare Learning Companies, a provider of early childhood education, filed for an initial public offering (IPO) in the United States on Friday.

This marks KinderCare’s second attempt at going public, as the company had first filed to list its shares in 2021 but abandoned its bid last year.

A consortium of twelve banks, led by Goldman Sachs, Morgan Stanley, Barclays, and J.P. Morgan, is underwriting the IPO.

The company aims to list its shares on the New York Stock Exchange under the symbol “KLC.”

(Reporting by Niket Nishant in Bengaluru; Editing by Tasim Zahid)

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