Bright Horizons Family Solutions to Debut on NYSE
Bright Horizons Family Solutions, the Bain Capital-backed child care and early education provider, makes its debut on the New York Stock Exchange.
Its IPO is expected to fetch as much as $212 million as private equity funds look to cash in on investments they made before the financial crisis. The private equity firm will retain an 80 percent stake in the company after the IPO.
The company expects to price its 10.1 million shares at between $19 and $21 each. At the high end of the range, the company is valued at around $1.32 billion.