Partners Group-backed KinderCare Learning Companies notched a market valuation of about $3.1 billion after its shares opened 12.5% above its initial public offering price on its NYSE debut on Wednesday.

KinderCare Learning Companies opened for trading at $27.00 after pricing its IPO at $24 per share, which was on the low end of the expected r

KinderCare Learning Cos. raised $576 million in an initial public offering, priced toward the bottom of a marketed range.