04:14 AM EDT, 10/09/2024 (MT Newswires) -- KinderCare Learning Companies ( KLC ) said late Tuesday it priced an initial public offering of 24 million common shares at $24 per share.

Underwriters have been granted a 30-day option to purchase up to 3.6 million additional shares.

Shares of the early childhood educational services provider are expected to begin trading Wednesday on the New York Stock Exchange under the ticker symbol, "KLC."

The offering is expected to close Thursday.

KinderCare plans to use net proceeds of the offering to repay debt and pay expenses.