KKR-backed ambulance giant GMR valued at $3 billion as shares fall in NYSE debut

KKR-backed ambulance giant GMR valued at $3 billion as shares fall in NYSE debut

May 13 (Reuters) – Emergency medical services heavyweight GMR Solutions was valued at $3.01 billion after its shares fell 10% in its New York Stock Exchange debut on ​Wednesday, adding to a string of subdued listings ‌in recent weeks. The Lewisville, Texas-based company’s shares opened at $13.50 apiece, compared with the $15 offer price. It sold about 31.9 million shares in its initial public offering (IPO) to raise $478.7 million. GMR, better k…

KKR-backed ambulance giant GMR valued at $3 billion as shares fall in NYSE debut - Regional Media News

May 13 (Reuters) - Emergency medical services heavyweight GMR Solutions was valued at $3.01 billion after its shares fell 10% in its New York Stock Exchange debut on Wednesday, adding to a string of subdued listings in recent weeks. The Lewisville, Texas-based company's shares opened at $13.50 apiece, compared with the $15 offer price. It sold about 31.9 million shares in its initial public offering (IPO) to raise $478.7 million. GMR, better kno…

Latest News NYSE Content Update: Global Medical Response to Go Public After $479 Million IPO

NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, May 13, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.  Ashley Mastronardi delivers the pre-market update on May 13th Equities are higher Wednesday morning after the Bureau of Labor Statistics released the…

KKR-backed GMR cuts IPO valuation target to $3.3bn

Emergency medical services provider GMR Solutions, which is backed by private equity major KKR, has reduced the valuation target for its planned US initial public offering to approximately $3.3bn, underscoring continued investor caution with new equity listings, according to a report by Reuters. The Lewisville, Texas-based company, which operates under the Global Medical Response brand, is now seeking to raise around $478.7m by offering 31.9m sh…