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The GMR IPO: A Valuation Reset for Healthcare Private Equity
GMR Solutions IPO Prices Low: What It Says About Healthcare and Private Equity
Today’s story is GMR Solutions, the KKR-backed ambulance and emergency medical services company, listing on the NYSE under $GMRS. It raised $479 million by selling 31.9 million shares at $15 each. The detail is the discount. GMR had earlier aimed for $22 to $25 per share, so this IPO shows the market is open, but only when investors get the price they want.
Investors are willing to fund healthcare infrastructure and private equity-backed listings, but they are demanding safety when a company has heavy debt, modest…
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