Baker Hughes-backed HMH climbs one day after Nasdaq debut

Shares of drilling equipment provider HMH Holding HMH.O up 1% at $19.47 premarket a day after Nasdaq debut

Stock down 5.5% on debut on Wednesday, opening at $18.90 versus an IPO price of $20

HMH raised $210.4 mln by selling 10.5 mln shares within its marketed range of $19 to $22

HMH was formed in 2021 by Baker Hughes BKR.O and Norway’s Akastor AKAST.OL, combining their offshore drilling equipment units

Co was valued at about $815 mln at the end of its first day of trading