HMH’s IPO

Cravath represented Akastor ASA in connection with its indirect 50% owned affiliate HMH Holding Inc.’s initial public offering of 10,520,000 shares of its Class A common stock at $20.00 per share. The shares began trading on The Nasdaq Global Select Market on April 1, 2026, under the ticker symbol “HMH.” The transaction closed on April 2, 2026.

The Cravath team is led by partners Nicholas A. Dorsey and Douglas Dolan and includes of counsel Virginia M. Anderson, associates Caroline B. Bowman and Kenshin Cho and foreign associate attorney Carlo Ranotti on capital markets matters; partners Ron Creamer and Christopher K. Fargo and associate Jamie Hunter Lee on tax matters; partner Matthew J. Bobby and associate S. Celine Li on executive compensation and benefits matters; and partner William D. Podurgiel on corporate governance matters.