Kirkland & Ellis advised the underwriters on the initial public offering of KinderCare Learning Companies, Inc. (NYSE: KLC). The nation’s largest private provider of early childhood education by center capacity priced its IPO at $24 per share on October 8, 2024, and shares began trading on October 9, 2024. The IPO included 24 million shares of common stock, and underwriters have a 30-day option to purchase an additional 3.6 million shares. The underwriters, led by Goldman Sachs & Co. LLC and Morgan Stanley, included Barclays, J.P. Morgan, UBS Investment Bank, Baird, BMO Capital Markets, Deutsche Bank Securities, Macquarie Capital, Loop Capital Markets, Ramirez & Co., Inc. and R. Seelaus & Co., LLC. KinderCare intends to use the net proceeds that it receives from the offering to repay amounts outstanding under its existing indebtedness and pay expenses. Read the transaction press release The Kirkland team included capital markets lawyers Joshua Korff, Michael Kim and Allison Bell.