Deals
Oil Field Services Firm HMH Picks JPMorgan, Piper, Evercore for IPO
- Akastor, Baker Hughes JV also working with Evercore on listing
- Company seeking valuation of about $1.5 billion including debt
Photographer: Carina Johansen/Bloomberg
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HMH Holding Inc., an oil field services joint venture between two sector giants, has selected banks for a planned US initial public offering, according to people familiar with the matter.
JPMorgan Chase & Co., Piper Sandler Cos. and Evercore Inc. are underwriting on the Houston-based company’s IPO, the people said. A listing could take place as soon as late September, they said, asking not to be identified because the information isn’t public.