US IPO Pipeline: Rare Earths Americas, GMR Solutions, Barrick

Rendy Andriyanto
Rendy Andriyanto
Gotrade Team
Reviewed by Gotrade Internal Analyst
US IPO Pipeline: Rare Earths Americas, GMR Solutions, Barrick

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Gotrade News - Three separate US IPO storylines moved forward on the same trading day. Rare Earths Americas set pricing terms, GMR Solutions filed its prospectus, and Barrick named executives for its planned North American spin-off.

According to Investing.com filings published on Monday (28/04), each transaction targets a different sector of the US listing market. Critical minerals, emergency medical services, and gold mining are now all queued for new public-market exposure.

--- - Rare Earths Americas targets a $368.4 million valuation at the top of a $17 to $19 share range on NYSE American - GMR Solutions filed for an NYSE listing, citing 5.5 million annual patient encounters and 24,000-plus clinicians - Barrick plans to list its North American unit on NYSE and TSX by year-end 2026 with Wessel Hamman as CFO ---

Rare Earths Americas plans to sell approximately 2.78 million shares in its NYSE American debut under the ticker REA. The price range of $17 to $19 implies expected proceeds of up to $52.8 million.

According to Investing.com on Monday (28/04), Cantor and Stifel are leading the offering. The company describes itself as an exploration-stage operator focused on high-grade heavy rare earth assets across a portfolio of critical minerals projects.

Rare earth magnets are core inputs in smartphones, household appliances, and the F-35 fighter jet. The deal taps strong Western investor demand for critical minerals as governments work to reduce dependence on China for rare earth extraction and processing.

GMR Solutions filed for a proposed NYSE listing on the same day, with share count and price range not yet disclosed. The filing positions the company as the largest US provider of emergency medical services and out-of-hospital care.

According to Investing.com on Monday (28/04), GMR operates across roughly 1,400 US counties and serves over 60% of the US population. The company reports about 5.5 million patient encounters annually and maintains more than 80 million patient care records.

Operationally, GMR runs the only national fully integrated air and ground EMS network in the US. The company employs more than 24,000 clinicians and performs a critical care intervention every 89 seconds on average.

J.P. Morgan, KKR, and Bank of America Securities are listed as lead underwriters on the filing. The deal would mark one of the larger healthcare-services IPOs of 2026 if priced near peer comparables.

Barrick (NYSE: GOLD) confirmed Wessel Hamman as Chief Financial Officer of its planned North American entity. Tim Cribb was named Chief Operating Officer, and current interim CEO Mark Hill will serve as CEO and President of the unit.

According to Investing.com on Monday (28/04), the IPO is expected to complete by year-end 2026. Primary listing will be on the New York Stock Exchange, with a secondary listing on the Toronto Stock Exchange under the corporate name North American Barrick.

The new entity will hold the Carlin, Cortez, and Turquoise Ridge operations within the Nevada Gold Mines complex. The Fourmile gold project adjacent to Nevada Gold Mines, plus the Pueblo Viejo mine in the Dominican Republic, are also part of the carve-out.

These North American operations produced about 2 million ounces of gold attributable to Barrick in 2025. Management framed the spin-off as a way to sharpen operational focus and provide standalone leadership for the North American mines.

Exposure to US IPO and mining themes can be built through the Gotrade app with access to more than 4,000 US-market tickers.

Disclaimer

Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.


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