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HMH Holding Inc. (HMH) completed its initial public offering of 10,520,000 shares of Class A common stock at $20.00 per share on April 2, 2026. The Houston-based company received net proceeds of approximately $193.8 million after deducting underwriting discounts, commissions and estimated offering expenses.
The shares began trading on the Nasdaq Global Select Market on April 1, 2026 under the ticker symbol "HMH." Underwriters have a 30-day option to purchase up to an additional 1,578,000 shares at the initial public offering price, less underwriting discounts and commissions.
J.P. Morgan, Piper Sandler and Evercore ISI served as joint lead book-running managers for the offering. Citigroup and DNB Carnegie acted as joint book-running managers, while Stifel, Nordea and Pickering Energy Partners served as co-managers.
HMH provides drilling equipment, services and systems for oil and gas operations in offshore and onshore environments. The company offers manufacturing and aftermarket services and is expanding into adjacent industries including mining. The Securities and Exchange Commission declared the registration statement effective on March 31, 2026.