Elmet Technologies in Lewiston supplied high-performance materials and precision-machined parts for the Artemis II lunar flyby, including high-density tungsten heavy alloy materials that were produced at the company’s manufacturing headquarters in Lewiston.Elmet Technologies also provided components for the Artemis I mission.Elmet Technologies touts itself as the only U.S.-owned and operated, vertically integrated tungsten and molybdenum manufacturer.Now, the company’s parent company, The Elmet Group Co. (Elmet), is preparing to go public.Elmet, which makes precision-engineered components and advanced high-energy systems, announced on Tuesday that it has launched the roadshow for its proposed initial public offering (IPO) of approximately 7.7 million shares of its common stock.An IPO roadshow is a series of presentations, typically spanning one to two weeks, to market a company’s shares to potential investors before going public. It serves to create momentum, generate demand, and gather feedback to determine the final IPO priceElmet said it also plans to grant the underwriters a 30-day option to buy up to approximately an additional 1.2 million shares of common stock from Elmet at the initial public offering price.The initial public offering price is expected to be between $12 and $14 per share.Elmet intends to list its common stock on the Nasdaq Capital Market under the ticker symbol “ELMT.”The Elmet Group has two segments, Critical Materials Components (CMC) and Engineered Microwave Products (EMP), leveraging materials science and precision engineering expertise to deliver high-performance solutions.
Elmet Technologies in Lewiston supplied high-performance materials and precision-machined parts for the Artemis II lunar flyby, including high-density tungsten heavy alloy materials that were produced at the company’s manufacturing headquarters in Lewiston.
Elmet Technologies also provided components for the Artemis I mission.
Elmet Technologies touts itself as the only U.S.-owned and operated, vertically integrated tungsten and molybdenum manufacturer.
Now, the company’s parent company, The Elmet Group Co. (Elmet), is preparing to go public.
Elmet, which makes precision-engineered components and advanced high-energy systems, announced on Tuesday that it has launched the roadshow for its proposed initial public offering (IPO) of approximately 7.7 million shares of its common stock.
An IPO roadshow is a series of presentations, typically spanning one to two weeks, to market a company’s shares to potential investors before going public. It serves to create momentum, generate demand, and gather feedback to determine the final IPO price
Elmet said it also plans to grant the underwriters a 30-day option to buy up to approximately an additional 1.2 million shares of common stock from Elmet at the initial public offering price.
The initial public offering price is expected to be between $12 and $14 per share.
Elmet intends to list its common stock on the Nasdaq Capital Market under the ticker symbol “ELMT.”
The Elmet Group has two segments, Critical Materials Components (CMC) and Engineered Microwave Products (EMP), leveraging materials science and precision engineering expertise to deliver high-performance solutions.
