The IPO Buzz: GMR Solutions (GMRS) Prices IPO at $15 – Big Price Cut in the Prospectus
GMR Solutions (GMRS) priced its IPO at $15.00 – the sharply reduced price in its revised prospectus - and sold 31.91 million shares – the number in the prospectus – to raise $478.72 million on Tuesday night, May 12, 2026. On Tuesday morning, GMR Solutions disclosed the substantial price cut in an amended prospectus and re-opened the books on the deal. Institutional investors had pushed b..
Read more May 13, 2026IPO Calendar
| Company | Symbol proposed | Shares (Millions) | Est. $ Volume | Expected to Trade | SCOOP Rating | Rating Change |
|---|---|---|---|---|---|---|
| Breeze Acquisition Corp. II | BREZU | 12.5 | $ 125.0 mil | 5/13/2026 Priced | S/O | S/O |
| Fervo Energy Co. | FRVO | 70.0 | $ 1890.0 mil | 5/13/2026 Priced | S/O | S/O |
| GMR Solutions | GMRS | 31.9 | $ 478.7 mil | 5/13/2026 Priced | S/O | S/O |
Last 100 IPOs - May 12, 2026
| Number of IPOs priced : | 100 |
| Number Up: | 48 |
| Number Down: | 49 |
| Number Unchanged: | 3 |
| Percentage Change From Issue Price: | -7.05% |
| Percentage Change for The Nasdaq Composite | 35.22% |
2026 IPO Scorecard - May 12, 2026
| Number of IPOs priced (Excluding 83 units) : | 60 |
| Number Up: | 30 |
| Number Down: | 29 |
| Number Unchanged: | 1 |
| Total Return From Issue Price: | 2.11% |
| The Nasdaq Composite Index YTD % Change | 35.22% |