KinderCare (KLC) made its public debut on the New York Stock Exchange on Wednesday, closing at $26.13 compared to its initial offering price of $24. This move comes as the daycare industry faces post-COVID boom and a rising demand for backup care, or the ability to drop off children at any given time. In addition, teacher turnover has been declining, giving the overall industry more stability.

Yahoo Finance Senior Reporter Brooke DiPalma reports more on KinderCare's IPO and the rising cost of childcare in the US.

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This post was written by Melanie Riehl