OMS Energy Technologies Raises $33 Million in Nasdaq IPO
TL;DR
OMS Energy Technologies closed IPO offering, granting underwriter option for 555,555 additional shares, aiming for rapid growth and market dominance.
OMS Energy Technologies manufactures surface wellhead systems and oil country tubular goods, serving oil and gas industry with 11 strategically located facilities for seamless operations.
OMS Energy Technologies' offerings ensure efficient exploration and production for onshore and offshore operators, contributing to sustainable energy practices and economic growth.
OMS Energy Technologies' IPO success reflects the dynamic nature of the oil and gas industry, showcasing innovation and adaptation to market demands.
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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.
Curated from InvestorBrandNetwork (IBN)
