GMR Solutions cuts US IPO valuation target to $3.3 billion
GMR Solutions reduced its US IPO valuation to $3.3 billion on Tuesday. The company now seeks to raise $478.7 million as investors remain particularly selective.
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Global Medical Response slashed its IPO valuation to $3.3 billion on Tuesday, down from an initial $5 billion target. The emergency services provider now seeks $478.7 million by offering 31.9 million shares at $15 each. Investors remain selective toward new listings despite a spring recovery in the broader initial public offering market.
