Partners Group-Backed KinderCare Raises $576 Million in IPO

KinderCare Learning Cos.raised $576 million in an initial public offering, priced toward the bottom of a marketed range.

The Partners Group Holding AG-backed childhood education company sold 24 million shares for $24 each, according to a statement Tuesday. The company had offered the shares for $23 to $27 each, according to an earlier filing.

At the IPO price, the company has a market value of $2.74 billion, based on the outstanding shares.

The share sale comes as US IPOs look to return to the pace set in the decade before the pandemic. Some $35.7 billion has been ...