HMH Holding Inc. (NASDAQ: HMH) has successfully closed its initial public offering (IPO), raising approximately $193.8 million. The company sold 10,520,000 shares of its Class A common stock at a price of $20.00 per share. The offering, which began trading on The Nasdaq Global Select Market on April 1, 2026, included a 30-day option for underwriters to purchase an additional 1,578,000 shares. J.P. Morgan, Piper Sandler, and Evercore ISI acted as joint lead book-running managers for the offering, with Citigroup and DNB Carnegie serving as joint book-running managers. The funds raised will be utilized for various corporate purposes, including acquisitions and working capital. HMH aims to leverage its strong market position in providing mission-critical equipment solutions in the oil and gas sector, enhancing its operational capabilities and expanding its product offerings to adjacent industries such as mining. The IPO marks a significant milestone for HMH, positioning it for future growth and strategic initiatives.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.