HMH Holding Seeks Up to $948M Valuation in U.S. IPO Amid Rising Oil Prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy BKR?
Source: seekingalpha
- IPO Valuation Target: HMH Holding aims for a valuation of up to $948 million in its U.S. IPO, leveraging soaring oil prices to boost investor sentiment, which is expected to provide substantial funding support for future growth.
- Funding Size: The company plans to raise $231 million by selling 10.5 million shares at a price range of $19 to $22 each, which will secure necessary capital for business expansion and technological innovation.
- Market Context: Formed by the merger of Baker Hughes and Akastor's offshore drilling equipment units in 2021, HMH seeks to capitalize on the current oil price surge to advance its public listing process.
- Historical Progress: Although HMH filed for an IPO in August 2024, it only decided to move forward with the listing now due to changing market conditions, demonstrating the company's keen awareness of market timing.
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Analyst Views on BKR
Wall Street analysts forecast BKR stock price to fall
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 63.220
Low
52.00
Averages
61.54
High
67.00
Current: 63.220
Low
52.00
Averages
61.54
High
67.00
About BKR
Baker Hughes Company is an energy technology company that provides solutions to energy and industrial customers worldwide. The Company's segments include Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). OFSE segment provides products and services for onshore and offshore oilfield operations across the lifecycle of a well, ranging from exploration, appraisal, and development, to production, rejuvenation, and decommissioning. OFSE segment is organized into four product lines: Well Construction; Completions, Intervention, and Measurements; Production Solutions, and Subsea. IET segment provides technology solutions and services for mechanical-drive, compression and power-generation applications across the energy industry including oil and gas, liquefied natural gas operations, downstream refining, and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors. IET segment also provides equipment, software, and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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