The IPO Buzz: HMH Holding (HMH) Prices IPO at $20 – Below Mid-Point
Houston-based HMH Holding (HMH) priced its IPO at $20.00 – just below the mid-point of its $19.00-to-$22.00 range – and sold 10.52 million shares – the number in the prospectus – to raise $210.4 million on Tuesday night, March 31, 2026. HMH Holding’s stock is expected to start trading tomorrow – Wednesday, April 1, 2026 – on the NASDAQ.
At pricing, HMH Holding had a market cap of $862 million.
J.P. Morgan, Piper Sandler, Evercore ISI and Citigroup led the joint book-runners’ team.
The profitable company, founded in 2021, provides drilling equipment and services to oil and gas producers.
About 75 percent of its installed equipment serves the offshore drilling market, the prospectus said.
HMH Holding had a presence in 15 countries and sales in over 80 countries in 2025.
Baker Hughes and Akastor are the owners of HMH Holding, with each holding a 50 percent stake in the company before the IPO, according to the prospectus.
After the IPO, Baker Hughes and Akastor will own a combined share of 75.6 percent of the stock – down from 100 percent before the deal.
HMH Holding is profitable: It reported net income of $46.1 million on revenue of $821.8 million for the 12 months that ended Dec. 31, 2025.
(For more information about this company, please check the IPO Calendarand the individual IPO Profile found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.
Source: https://www.iposcoop.com/the-ipo-buzz-hmh-holding-hmh-prices-ipo-at-20-below-mid-point/
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