Investing.com -- OMS Energy Technologies Inc. (NASDAQ: OMSE ), a company focused on manufacturing oil country tubular goods and surface wellhead systems for the oil and gas industry, started trading its ordinary shares on the Nasdaq Capital Market today. The shares were priced at $9.00 in its initial public offering (IPO), but began trading at $8 per share.

The IPO consisted of 3,703,704 ordinary shares, each with a par value of US$0.0001. The total base offering size was US$33.3 million, excluding underwriting discounts and related expenses, and assuming that the underwriters do not exercise their option to purchase additional shares.

Alongside the IPO, OMS also provided the underwriter with a 45-day option to purchase up to 555,555 additional ordinary shares at the public offering price, subtracting underwriting discounts and commissions. This option is valid from the date of the final prospectus.

Roth Capital Partners served as the sole manager for the IPO. Joseph Gunnar & Co., LLC provided financial advisory services to OMS Energy Technologies in relation to the offering.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.