The Elmet Group Co. (Ticker: ELMT US) is a United States-based company specializing in precision-engineered critical components and advanced high-energy systems. The Elmet Group plans to list on the NASDAQ on April 23, 2026, planning to offer 7.69 million shares at a price range of $12.00 to $14.00 per share, raising an estimated $100.0 million. The company has a reported market capitalization of $363.6 million.
According to filings, the company operates through two primary divisions: Critical Materials Components (CMC) and Engineered Microwave Products (EMP). Reportedly, following a reorganization in January 2026, the company conducts its business through two primary operating subsidiaries: Elmet Technologies LLC and Microwave Techniques LLC. The company focuses on manufacturing components from critical materials such as tungsten and molybdenum, as well as high-power microwave systems for various industries including the aerospace, defense, semiconductor, and medical sectors. The IPO is being managed by a syndicate of underwriters, with Cantor, Needham & Co., Canaccord Genuity, and Roth Capital Partners acting as joint managers.