Partners Group-Backed KinderCare Shares Rise 8% After IPO (1)

KinderCare Learning Cos.shares rose nearly 8% after the company 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’s shares traded at $25.90 each as of 2:23 p.m. in New York, above their IPO price of $24 each. The company had offered the shares for $23 to $27 each, according to an earlier filing.

The trading gives KinderCare a market value of about $3 billion, based on the outstanding shares.

The share sale comes as US IPOs look to return to the pace ...