A Texas-based emergency medical services company announced Monday its plans to go public, seeking a market valuation of as much as $5 billion.
Global Medical Response, headquartered in Lewisville, Texas, plans to raise as much as $797.9 million through its stock market debut by selling 31.9 million shares at a proposed price range of $22 to $25 per share.
Investment firms including KKR, Ares, and HPS have committed to purchasing $350 million worth of private placement warrants as part of the offering.
The company has selected J.P. Morgan, KKR, and BofA Securities to serve as lead underwriters for the public offering. Once trading begins, Global Medical Response shares will be available on the New York Stock Exchange under the ticker symbol “GMRS.”
