HMH Holding
HMH · Nasdaq Filing snapshotHMH Holding manufactures highly engineered, mission-critical drilling equipment, services and systems for the global oil-and-gas sector — formed as a joint venture of Baker Hughes and Akastor, which retain control through dual-class (Class B) shares after the IPO. It reported total revenue of about $821.8M. Its $20.00 Nasdaq IPO raised about $210M gross to the company. The filing names NOV and Schlumberger as its primary competitors across product segments, alongside a fragmented field of regional and Chinese-based manufacturers — Canrig Drilling Technology, Drillmec, Honghua Group, KCA DEUTAG, Rongsheng Machinery and Worldwide Oilfield Machine.
A drilling-equipment manufacturer (~$822M revenue) spun out of Baker Hughes and Akastor — and still controlled by them via dual-class shares. It names NOV (11×) and Schlumberger as its primary rivals, plus a fragmented field of regional and Chinese-based manufacturers.