Brief: Akastor's Affiliate HMH Holding Launches IPO

Akastor ASA

24/03/2026 07:56

March 24 (Reuters) - Akastor ASA AKAST.OL:

SAID ON MONDAY AKASTOR'S INDIRECT 50% OWNED AFFILIATE HMH HOLDING ANNOUNCES LAUNCH OF INITIAL PUBLIC OFFERING (IPO)

IPO PRICE IS EXPECTED TO BE BETWEEN $19 AND $22 PER SHARE

TOTAL NUMBER OF SHARES IN HMH WILL BE 44,000,000

HMH HAS APPLIED TO LIST ITS SHARES OF CLASS A COMMON STOCK ON NASDAQ GLOBAL SELECT MARKET UNDER TICKER SYMBOL "HMH"

PART OF IPO PROCEEDS WILL BE ALLOCATED TO REPAYMENT OF ALL OUTSTANDING AMOUNTS UNDER SHAREHOLDER LOANS, OF WHICH ABOUT $27 MLN IS EXPECTED TO BE NET PAYABLE TO AKASTOR

AKASTOR WILL REDUCE OWNERSHIP IN HMH BY EXCHANGING PORTION OF ITS OWNERSHIP INTERESTS IN HMH FOR ABOUT $20.2 MLN IN NET CASH PROCEEDS

AFTER IPO COMPLETION, AKASTOR'S EQUITY INTEREST IN HMH WILL BE BETWEEN ABOUT 37% AND 35%

 Source text for Workspace: nMFN3QCVLn
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 (Gdansk Newsroom)

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