Trump says Iran war "close to over" amid hopes for more negotiations
HOUSTON - HMH Holding Inc. announced today the pricing of its initial public offering of 10,520,000 shares of Class A common stock at $20.00 per share, according to a press release statement.
The offering includes a 30-day option for underwriters to purchase up to an additional 1,578,000 shares at the IPO price, less underwriting discounts and commissions.
The Class A common stock is expected to begin trading on The Nasdaq Global Select Market on April 1, 2026 under the ticker symbol NASDAQ:HMH. The offering is expected to close on April 2, 2026, subject to customary closing conditions.
J.P. Morgan, Piper Sandler and Evercore ISI are serving as joint lead book-running managers for the offering. Citigroup and DNB Carnegie are acting as joint book-running managers, while Stifel, Nordea and Pickering Energy Partners are serving as co-managers.
HMH provides equipment solutions for oil and gas drilling operations, both offshore and onshore. The company manufactures drilling equipment and offers aftermarket services. The company also serves adjacent industries including mining.
The company currently trades at $0.72 per share with a market cap of $9.94 million and generated $4.63 million in revenue over the last twelve months. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment, placing it among potential opportunities on the most undervalued stocks list.
A registration statement relating to the securities was declared effective by the Securities and Exchange Commission on March 31, 2026. The offering is being made only by means of a prospectus.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.