AKKVF

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.

For further insights into AKKVF stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.