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lei jianping, leidi.com, september 7

child care provider kindercare learning companies (kindercare) recently submitted a prospectus and is preparing to list on the new york stock exchange with the stock code "klc".

a consortium of 12 banks led by goldman sachs, morgan stanley, barclays and jpmorgan chase is underwriting the ipo.

kindercare initially applied for a listing in october 2021, but failed. this is the first time it has restarted its us stock ipo after many years.

the ipo will be one of the first major moves by kindercare’s new chief executive officer paul thompson, who took over the term from his predecessor tom wyatt in june.

half-year net profit of us$26.78 million, down 63% year-on-year

kindercare, a 55-year-old company based in oregon, is one of the largest players in a highly fragmented market. in 2015, kindercare was acquired by investment firm partners group.