A Houston-based energy equipment company announced Monday its intention to go public, with plans to raise as much as $231.4 million through its initial stock market debut.
HMH Holding revealed it plans to offer 10.5 million shares to investors, with each share priced between $19 and $22.
The Texas-based firm specializes in providing drilling equipment, services and systems for both offshore and land-based oil and gas drilling operations.
Three major investment banks – J.P. Morgan, Piper Sandler and Evercore ISI – will serve as the primary underwriters managing the stock offering.
