SEC review process expected to be completed in H2 2024 (Il Sole 24 Ore Radiocor) - Oslo, 03 Jun - Drilling solutions provider HMH, a joint venture between Baker Hughes' Subsea Drilling Systems business and Akastor's wholly owned subsidiary MHWirth, has submitted a confidential first draft registration statement with the US Securities and Exchange Commission (SEC) relating to a proposed initial public offering of HMH shares in the US.

The size and price range for the proposed offering have not yet been determined.

The initial public offering is expected to commence after the completion of the SEC review process, which will likely be during the second half of 2024, subject to market and other conditions. There is no assurance that the initial public offering will be completed.

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(RADIOCOR) 03-06-24 11:04:02 (0230) 5 NNNN