GMR Solutions launched its initial public offering on Monday, targeting a valuation of up to $5 billion as it offers about 32 million shares of Class A common stock priced between $22 and $25 each. Headquartered in Lewisville, Texas and operating under the Global Medical Response name, the KKR-backed firm has set a fundraising target of up to $797.9 million, Reuters reported. A full subscription at $25 per share would put GMR’s market capitalization at roughly $4.67 billion, a figure derived from the share count disclosed in its SEC filing, Bloomberg noted.
Read the full article: KKR-Backed Ambulance Giant GMR Solutions Is Targeting a $5B Valuation in Its IPO //
Source: https://qz.com/gmr-solutions-ipo-kkr-ambulance-5-billion-050426