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 back on the IPO’s original price range of $22.00 to $25.00.
GMR Solutions, based in the Dallas-Fort Worth suburb of Lewisville, Texas, is the largest EMS (emergency medical services) provider in the U.S. The company is profitable.
Shares of GMR Solutions slid in their debut on Wednesday, May 13, 2026 – on the New York Stock Exchange. GMR Solutions’ stock opened at $13.50 – and it traded at $13.37 at mid-afternoon.
J.P. Morgan, KKR, BofA Securities and Barclays led the joint book-running team, which included Goldman Sachs, Citigroup, Evercore ISI, Morgan Stanley and UBS.
KKR, which also is a major shareholder, increased its commitment to a concurrent private placement to $500 million – up from $350 million originally – according to the amended prospectus.
At pricing, GMR Solutions had a market cap of $3.4 billion.
GMR Solutions said it intends to use some of the IPO’s proceeds to pay down some debt.
(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)
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