OMS Energy Technologies (NASDAQ: OMSE) has successfully completed its initial public offering, raising $33.3 million through the sale of 3,703,704 ordinary shares at $9.00 each. This financial milestone was achieved with Roth Capital Partners acting as the sole manager for the IPO, which also included a 45-day option for the underwriter to purchase an additional 555,555 ordinary shares under the same terms. The company's shares commenced trading on the Nasdaq Capital Market on May 13, 2025, with the offering concluding the following day.
Specializing in the manufacture of surface wellhead systems and oil country tubular goods, OMS Energy Technologies caters to onshore and offshore exploration and production operators across six key jurisdictions in the Asia Pacific, Middle Eastern, and North African regions. With 11 manufacturing facilities strategically located to ensure rapid response times and customized technical solutions, the company is well-positioned to meet the diverse needs of its clientele. The proceeds from the IPO are expected to fuel the expansion of manufacturing capabilities, investment in technological innovations, and enhancement of market presence in the oil and gas industry.
In addition to its core products, OMS offers premium threading services aimed at maximizing operational efficiency for its customers. The company's strategic geographical footprint and robust manufacturing infrastructure underscore its potential for sustained growth and adaptability in the ever-evolving global energy market. For more information on OMS Energy Technologies and its offerings, visit https://www.omsenergy.com.
