Childcare provider KinderCare (KLC) is making its debut on the New York Stock Exchange today, with an initial public offering priced at $24 per share under the ticker symbol KLC. Yahoo Finance Senior Reporter Brooke DiPalma speaks with KinderCare CEO Paul Thompson about this significant milestone.

Thompson expresses that he is "really pleased" with the company's current position, emphasizing his focus on long-term growth. He outlines the company's strategy to utilize the capital raised to reduce existing debt. Addressing rising childcare costs, Thompson emphasizes that education remains "within the center" of their business model. This includes ensuring they have qualified educators, well-equipped classrooms, and a priority on health and safety, while "really emphasizing quality and experience."

Looking ahead, Thompson tells Yahoo Finance, "For us it is about moving forward and moving into more communities because we have the scale and resources of our organization."

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This post was written by Angel Smith