Akastor ASA Affiliate Prepares for Potential IPO

Akastor ASA (AKKVF) has released an update.

Akastor ASA’s affiliate HMH is preparing for a potential IPO of its subsidiary HMH Holding Inc. in the US, following a confidential draft registration with the SEC. The timing and details of the offering are not yet defined, but the IPO is anticipated for the second half of 2024, depending on market conditions. HMH, which offers advanced drilling solutions and aims to further expand into energy-efficient technologies, was established in 2021 through a merger involving Baker Hughes and Akastor’s MHWirth AS.

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