OMS Energy Technologies, a Singapore-based oil and gas equipment manufacturer, filed a preliminary prospectus with the U.S. Securities and Exchange Commission (SEC) on Monday to raise $32 million in an initial public offering (IPO). The company plans to list on the Nasdaq under the ticker "OMSE".
OMS Energy Technologies, founded in 1972, is headquartered in Singapore. The company mainly produces surface wellhead systems (SWS) and oil country tubular goods (OCTG) for onshore and offshore exploration and development activities in the Asia-Pacific, Middle East and North Africa regions. The company has 11 production facilities located at oil and gas service centers in six jurisdictions. The company also has finishing facilities near the exploration and development operations of some top end users, including its largest customer Saudi Aramco in Saudi Arabia. Data showed the company's 12-month sales as of March 31, 2024, at $181 million.