OMS Energy Technologies (NASDAQ: OMSE) has completed its initial public offering, raising $33.3 million by selling 3,703,704 ordinary shares at $9.00 per share on the Nasdaq Capital Market. The company began trading on May 13, 2025, with the offering closing the following day.
The oil and gas equipment manufacturer, which operates across the Asia Pacific, Middle Eastern, and North African regions, has strategically positioned itself with 11 manufacturing facilities to serve onshore and offshore exploration and production operators. The IPO provides significant capital for potential expansion and technological investment in surface wellhead systems and oil country tubular goods.
Roth Capital Partners served as the sole manager for the offering. The company also granted the underwriter a 45-day option to purchase an additional 555,555 shares, which could potentially increase the total capital raised.
This public offering represents a significant milestone for OMS Energy Technologies, enabling the company to access additional funding for growth, potentially enhance its manufacturing capabilities, and strengthen its competitive position in the global oil and gas equipment market.
