Houghton Mifflin Harcourt Closes IPO

Houghton Mifflin Harcourt (HMH) announced the closing of its initial public offering of 10,520,000 shares of Class A common stock at $20.00 per share. The company received approximately $193.8 million in net proceeds. The shares began trading on The Nasdaq Global Select Market on April 1, 2026, under the ticker symbol 'HMH'. A syndicate of underwriters, including JPMorgan Chase===J.P. Morgan, Piper Sandler Companies, Evercore===Evercore ISI, Citigroup, DNB Carnegie, Stifel, Nordea, and Pickering Energy Partners, managed the offering. The underwriters also have a 30-day option to purchase additional shares. The United States===U.S. Securities and Exchange Commission declared the registration statement effective on March 31, 2026. Houghton Mifflin Harcourt is a provider of drilling equipment and services for oil and gas operations, with expansion into mining.