U.K. Nursery Operator iStep Learning Targets NYSE American IPO

U.K.-based nursery operator iStep Learning has filed for an initial public offering on the NYSE American, aiming to raise capital by listing 4 million shares. The company, which emerged from a 2023 nursery group merger, anticipates a pricing range between $4 and $5 per share under the ticker symbol ISTL.

Today, 01:23· Money Talk· 871 reads

U.K. Nursery Operator iStep Learning Targets NYSE American IPO

Formed through the consolidation of the Bambinos and Nursery Family groups, iStep currently manages 24 facilities across nine distinct brands. These centers serve 1,280 students ranging from three months to five years of age. Beyond its core nursery operations, the company maintains a minority stake in DPS Education, which runs a specialist school for children with disabilities in Lincolnshire.

Financial disclosures for the fiscal year ending June 30 reveal a persistent path to profitability. The company posted an operating loss of 1.87 million pounds—roughly $2.4 million—on revenue of 17.9 million pounds. This follows a comparable performance in the previous fiscal year, where the firm reported an operating loss of 1.8 million pounds against 14.3 million pounds in revenue.

U.K. Nursery Operator iStep Learning Targets NYSE American IPO

Comments (0)