Group 1 - HMH Holding raised $210 million through its IPO, issuing 10.5 million shares at a price of $20 per share, resulting in a market capitalization of approximately $862 million [1] - The IPO price was set at the lower end of the target range of $19 to $22, and the stock is set to begin trading on NASDAQ under the ticker "HMH" [1] - HMH was formed from the strategic merger of Baker Hughes and Akastor's subsea drilling equipment businesses in 2021, and operates well-known brands including Hydril, VetcoGray, and Wirth [1] Group 2 - For the fiscal year ending December 31, 2025, HMH is projected to achieve revenues of $821.8 million and a net profit of $46.1 million [2] - Approximately $137.1 million of the IPO proceeds will be used to repay shareholder loans primarily owed to Baker Hughes and Akastor, who will retain a combined 75.6% ownership post-IPO [2] - The successful pricing and listing of HMH is viewed as a significant signal of recovery in the energy equipment sector amid high oil prices driven by ongoing geopolitical tensions [2]