US Stock Movement | Drilling equipment and service provider HMH Holding(HMH.US) listed on the US stock market. Opening price down 1.3%

LootboxPhobia · 2026-04-02T04:34:09+00:00

HMH Holding listed on the U.S. stock market on Wednesday, with the opening stock price dropping 1.3% to $19.74, compared to an IPO price of $20. The company was jointly established by Baker Hughes and Akastor, focusing on subsea drilling equipment, operating several well-known brands across multiple countries worldwide.

LootboxPhobia

2026-04-02 04:34:09

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Zhitong Finance APP learned that on Wednesday, drilling equipment and services provider HMH Holding (HMH.US) listed on the U.S. stock market. At the open, the stock price fell 1.3%, to $19.74, and the IPO price was $20.

HMH was born from the strategic integration of two industry giants. In 2021, Baker Hughes, a global energy technology company, and Norway’s investment firm Akastor reached an agreement to combine their respective subsea drilling equipment businesses into a joint venture called HMH. The company currently operates multiple well-known brands in the industry, including Hydril, VetcoGray, and Wirth. Its business covers the full suite of drilling systems and pressure control equipment needed for offshore and onshore oil and gas operations. The company operates globally, with offices in 16 countries, and its products are sold in more than 60 countries.

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