KinderCare postpones IPO, citing ‘regulatory delays’

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KinderCare Learnings Companies Inc. KLC, said it will postpone its initial public offering, citing regulatory delays. The Oregon-based provider of childcare and early childcare education was expected to go public this week, with the company looking to raise about $460.0 million and be valued at nearly $3 billion. “Throughout our pursuit of an initial public offering (IPO), we’ve received healthy interest from investors and positive feedback on KinderCare’s potential. Unfortunately, due to regulatory delays outside of our control we have decided to postpone our IPO,” the company said in a statement emailed overnight. “This is a true disappointment, as the IPO was going to allow us to grow faster and serve more hard-working families while furthering our mission to provide future generations with confidence for life.” The postponement comes at a time that the Renaissance IPO ETF IPO, -1.02% has rallied 8.6% over the past three months while the S&P 500 SPX, -0.14% has gained 6.8%.

This article was originally published by Marketwatch.com. Read the original article here.

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