---
title: "BUZZ-Baker Hughes-backed HMH climbs one day after Nasdaq debut"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281506243.md"
datetime: "2026-04-02T10:24:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281506243.md)
  - [en](https://longbridge.com/en/news/281506243.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281506243.md)
---

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# BUZZ-Baker Hughes-backed HMH climbs one day after Nasdaq debut

Shares of drilling equipment provider HMH Holding (HMH.O) up 1% at $19.47 premarket a day after Nasdaq debut

Stock down 5.5% on debut on Wednesday, opening at $18.90 versus an IPO price of $20

HMH raised $210.4 mln by selling 10.5 mln shares within its marketed range of $19 to $22

HMH was formed in 2021 by Baker Hughes (BKR.O) and Norway’s Akastor (AKAST.OL) , combining their offshore drilling equipment units

Co was valued at about $815 mln at the end of its first day of trading

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