HMH Holding Raises $193.8M Net in $20 IPO of 10.52M Shares
HMH Holding Inc. closed an IPO of 10,520,000 Class A shares at $20 per share, raising net proceeds of approximately $193.8 million. The underwriters hold a 30-day option to purchase up to 1,578,000 additional shares, and Class A common stock began trading April 1 on Nasdaq Global Select Market.
1. IPO Closing and Proceeds
HMH Holding Inc. completed its initial public offering on April 2, 2026, selling 10,520,000 Class A common shares at $20.00 each. After underwriting discounts, commissions and estimated expenses, the company netted approximately $193.8 million.
2. Trading Debut on Nasdaq
Class A common shares began trading on the Nasdaq Global Select Market under the ticker HMH on April 1, 2026, providing immediate market liquidity and enabling price discovery for investors.
3. Underwriters and Overallotment Option
J.P. Morgan, Piper Sandler and Evercore ISI served as joint lead book-running managers, with Citigroup and DNB Carnegie as joint book-runners. The underwriting syndicate holds a 30-day option to purchase up to 1,578,000 additional shares at the IPO price, less discounts.
4. Company Business Overview
HMH is a provider of highly engineered drilling equipment, services and systems for offshore and onshore oil and gas operations, expanding into adjacent industries such as mining. Its integrated manufacturing and aftermarket support services drive demand, especially in heavily regulated offshore environments.