January 28, 2013- Bright Capital Family Solutions (BFAM), the parent company of Bright Horizons and an organization backed by Bain Capital, rose an impressive thirty two percent in value on the day of its debut on the New York Stock Exchange (NYSE)
Analysts believe that investors focused on the company’s leadership in an important and growing niche market as a primary reason for purchasing its stock.
Bright Horizons, which is America’s largest provider of child care and early education services, was listed on NASDAQ before Bain Capital (which was founded by former presidential candidate Mitt Romney) took it private for one billion three hundred million dollars in 2008.
When the trading day had ended on Friday, Bright Horizons’ stock had closed up twenty nine percent and closed at $28.32. That put the company’s value at $1.78 billion.
Bright Horizons priced its initial offering of ten million one hundred thousand shares above the expected price range which would have been somewhere between $18 and $21 per share.
After trading ended, the company had raised two hundred twenty two million dollars.
Bain Capital currently owns an eighty percent stake in this growing organization.