KKR-backed GMR on track for muted debut after $479 million IPO

GMR Solutions

13/05/2026 15:52

** Emergency medical services provider GMR Solutions GMRS.N on track for muted New York debut

** Stock recently indicated to open between $14.75 and $15.25 apiece vs $15 offer price

** Lewisville, Texas-based GMR sold about 31.9 million shares well below initial marketed range of $22 to $25 apiece to raise $478.7 million in IPO

** Known as Global Medical Response, GMR is a heavyweight in providing essential emergency medical services, with operations spanning roughly 1,400 U.S. counties

** GMR was formed in 2018 by combining investment firm KKR's KKR.N portfolio companies Air Medical and American Medical Response

** J.P. Morgan, KKR Capital Markets and BofA Securities were active bookrunners

** Funds affiliated with investment firms KKR KKR.N, Ares ARES.N, and HPS had indicated interest in buying $500 million of private placement ⁠warrants

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))