HMH Holding (HMH Proposed), a Houston-based oil and gas drilling equipment and services provider, is set to price its IPO during this short holiday week. Brent crude oil was just above $115 per barrel (on Sunday night, March 29) as the war in Iran grinds into its second month. U.S. stock futures shot higher early Monday, March 30, 2026, ahead of the opening bell. This week includes two major religious holidays – the start of Passover at sundown on Wednesday, April 1, 2026 – and Good Friday on April 3rd, when the U.S. stock market will be closed.
Wall Street will get a lot of U.S. labor market data this week, leading up to the March U.S. jobs report – set for release at 8:30 A.M. EDT on April 3rd on the Good Friday holiday. (Editor’s Note: This column, published Sunday night, March 29, 2026, has been updated today – Monday, March 30, 2026 – with more details on the week’s deals and data.)
The Texas oilfield supplier’s IPO is the only one with a firm pricing date during this four-day holiday week.
HMH Holding (HMH Proposed) is offering 10.52 million shares at a price range of $19.00 to $22.00 to raise $215.66 million, if priced at the $20.50 mid-point of its range. The company would have a market cap of $883.51 million – if priced at the mid-point. (For more details on the company, please see the section below under the subhead: Offshore Drilling Supplier in Focus )
J.P. Morgan, Piper Sandler, Evercore ISI and Citigroup are leading the joint book-runners’ team. DNB Carnegie, Nordea, Stifel and Pickering Energy Partners are also joint book-runners, according to the prospectus.
Brookline Capital Acquisition Corp. II (BCACU Proposed) – a big SPAC IPO – is on the IPO Calendar with “the week of March 30” as its potential timing. The New York-based SPAC intends to focus on the defense and healthcare sectors in its search for an acquisition target, the prospectus said.
Brookline Capital Acquisition II is offering 10 million units at $10.00 each to raise $100 million. Each unit consists of one share of stock and one right to receive one-eighth (1/8th) of a share upon the consummation of an initial business combination, according to its S-1/A filing on Feb. 23, 2026,
Brookline Capital Markets is the sole book-runner with Clear Street as the co-manager, the prospectus said.
Two small deals – one IPO and one uplisting – are on the IPO Calendar as potential candidates to get priced this week – pending final regulatory approval. (Please see the IPO Calendar for details.)
Offshore Drilling Supplier in Focus
Founded in 2021, HMH Holding (HMH Proposed) provides drilling equipment, aftermarket support and services to oil and gas producers. About 75 percent of its installed base of equipment serves the offshore drilling market, the prospectus said.
“We are a global company, with locations in 15 countries and sales in over 80 countries in 2025,” HMH Holding (HMH Proposed) said in the prospectus.
In addition to its corporate headquarters in Houston, HMH Holding has two major operational centers located close to key offshore areas in Houston, Texas, and Kristiansand, Norway, the prospectus said.
Baker Hughes and Akastor are the owners of HMH Holding, with each owning a 50 percent stake in the company before the IPO, according to the prospectus.
The company is profitable. HMH Holding (HMH Proposed) reported net income of $46.1 million on revenue of $821.8 million for the 12 months that ended Dec. 31, 2025.
(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
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Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.