HMH Holding Inc. (Ticker: HMH US) is an American company specializing in highly engineered, mission-critical equipment solutions and services for the oil and gas drilling industry. HMH Holding plans to list on the NASDAQ on April 1, 2026, planning to offer 10.52 million shares at a price range of $19.00 to $22.00, raising up to $231 million. The company is targeting an estimated market capitalization of up to $948 million.

According to sources, the company operates as a joint venture formed in 2021 through the combination of the offshore drilling equipment units of Baker Hughes and Akastor, with each entity owning a 50 percent stake prior to the IPO. HMH Holding reportedly generates the majority of its revenue from aftermarket services and spare parts, recording $821.8 million in revenue and $46.1 million in net income for the 12 months ended December 31, 2025. According to reports, the firm's heritage brands trace their manufacturing roots back to 1895, and the company is proceeding with its public listing amid strong investor demand for energy sector issuers.