Elmet Group Co. Completes IPO, Raises $138M Gross Proceeds

Elmet Group Co. successfully completed its Initial Public Offering (IPO) on April 24, 2026, raising approximately $138 million in gross proceeds. The company sold an aggregate of 9,857,142 shares of common stock, including the full exercise of the over-allotment option, at an offering price of $14.00 per share. After deducting underwriting discounts and offering expenses, the net proceeds amounted to approximately $125.5 million. The common stock is now listed on the Nasdaq Capital Market under the ticker symbol "ELMT".