A major emergency medical services company completed its debut on the stock market Tuesday, bringing in $478.7 million through its initial public offering on the New York Stock Exchange.
Global Medical Response, headquartered in Lewisville, Texas, sold nearly 32 million shares priced at $15 each, giving the company an overall market value of approximately $3.35 billion.
The fundraising total fell short of the company’s original goals, which had aimed to collect as much as $797.9 million by pricing shares between $22 and $25 each.
The stock offering comes as more companies are moving forward with public listings while market conditions remain favorable, despite ongoing economic uncertainties and global tensions that continue to make investors cautious.
Global Medical Response provides comprehensive emergency medical services including helicopter and ground ambulance transportation, mobile medical care, and disaster relief operations throughout both city and rural areas across the United States.
The company serves more than 1,400 counties nationwide and recently completed a major $5.4 billion financial restructuring in 2025.
Investment giant KKR has been building this emergency services empire since 2015, when it purchased Air Medical from Bain Capital for approximately $2 billion.
Three years later, the New York-based investment firm expanded its medical transport holdings by acquiring American Medical Response from Envision Healthcare for $2.4 billion, then merging it with Air Medical to create Global Medical Response.
Trading for the newly public company begins Wednesday on the New York Stock Exchange under the ticker symbol “GMRS.” Major financial institutions including J.P. Morgan, KKR, and Bank of America Securities served as the primary underwriters for the stock offering.
