Akastor ASA Affiliate HMH Gears Up for IPO

Akastor ASA (AKKVF) has released an update.

Akastor ASA’s affiliate HMH Holding Inc. is preparing for an initial public offering (IPO) of its Class A common stock on the Nasdaq Global Select Market, with the symbol ‘HMHW’. The updated draft Registration Statement for the IPO is now publicly available via the SEC’s EDGAR database, although the offering’s specifics such as share quantity and price range are not yet determined and subject to market conditions. HMH, a provider of drilling solutions formed through a merger in 2021, supports both offshore and onshore oil and gas drilling operations with a focus on expanding into adjacent industries like mining.

For further insights into AKKVF stock, check out TipRanks’ Stock Analysis page.