Emergency medical services provider GMR Solutions has raised $478.7 million in its U.S. initial public offering, the company said on Tuesday. The Lewisville, Texas-based company, known as Global Medical Response, was seeking $478.7 million in the IPO by marketing 31.9 million shares at $15 apiece, down from its plan to raise as much as $797.9 million at a proposed range of $22 to $25 apiece.
Earlier on Tuesday, emergency medical services provider GMR Solutions slashed the valuation target of its U.S. initial public offering to about $3.3 billion from $5 billion, as investors remain selective about new listings.
