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

privateequitywire

1 month ago

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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 shares priced at $15 each. The revised terms represen...

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