IPO - HMH Holding Inc

Form Type: S-1/A

Filing Date: 2025-03-18

Corporate Action: Ipo

Type: New

Accession Number: 000119312525055773

Filing Summary: HMH Holding Inc. is preparing for its initial public offering (IPO) through the filing of an S-1/A registration statement with the SEC on March 17, 2025. The company, formed as a holding entity, will own the voting equity of HMH Holding B.V. The offering includes shares of Class A common stock, and there has not been a public market for these shares prior to this offering. The IPO price is expected to range between determined amounts, with underwriters having the option to purchase additional shares within 30 days. The company aims to utilize a significant portion of the net proceeds from the sale to purchase voting shares from its predecessors, Baker Hughes and Akastor. HMH Holding Inc. identifies as an emerging growth company, benefiting from reduced reporting requirements. This prospectus details the corporate reorganization and outlines the intended structure post-offering, highlighting the company's service offerings in the oil and gas industries, alongside aftermarket services that account for a notable portion of their revenue. The reorganization aims to leverage an umbrella partnership-C corporation structure, enhancing tax efficiency for stakeholders. The anticipated benefits and risks associated with the IPO and market conditions are addressed, underscoring the company's historical performance and operational focus in a highly regulated offshore drilling market.

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Form Type: S-1/A

Filing Date: 2025-01-27

Corporate Action: Ipo

Type: New

Accession Number: 000119312525013425

Filing Summary: HMH Holding Inc. is conducting its initial public offering (IPO) through an 'Up-C' structure. This involves the sale of Class A common stock with no prior public market. The company intends to list its Class A common stock on Nasdaq under the symbol 'HMH.' The registration statement details significant aspects including a proposed sale commencement shortly after its effective registration. An estimated initial public offering price range is provided although specific figures remain undisclosed. Upon completion, HMH Holding Inc. will own an equal number of Class A and Class B shares in HMH Holding B.V., the company's predecessor, which was formed from the merger of Baker Hughes's and Akastor’s businesses. The IPO aims to raise funds to facilitate ongoing operations and corporate reorganization transactions. HMH Holding Inc. is classified as an emerging growth company, allowing reduction in reporting requirements. As described, 50% of HMH B.V.'s shares are held by Baker Hughes and 50% by Akastor. The company’s operation focuses on delivering engineered solutions within the drilling equipment sector for oil and gas, promising quality, safety, and sustainability in a highly regulated industry. The document outlines the financial health of HMH Holding Inc., emphasizing its capacity for generating revenue through equipment sales and aftermarket services, with strategic plans and innovations aimed at enhancing business growth. Risks associated with the investment and accuracy of information are also noted, stressing the company's commitment to transparency and regulatory compliance.

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