Elmet Group Co.

Elmet Group Co. (ELMT) priced its initial public offering on Apr 23, 2026 at $14.00 per share, raising $120M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $403.9M. Cantor was lead-left underwriter, joined by Needham, Canaccord Genuity and Roth Capital. Ellenoff Grossman & Schole advised the company and Thompson Coburn advised the underwriters.

Elmet Group Co. provides precision-engineered components and high-energy systems made from critical materials such as tungsten, molybdenum and niobium, plus high-power microwave systems, for aerospace, defense, industrial, medical and semiconductor markets.

Status

IPO

Ticker

ELMT

Exchange

Nasdaq Capital Market

Priced

Apr 23, 2026

IPO price

$14.00

Raised

$120M

Market cap at IPO price

$403.9M

First filed

Mar 30, 2026

Underwriters

Cantor, Needham, Canaccord Genuity and Roth Capital

Company counsel

Ellenoff Grossman & Schole

Underwriters' counsel

Thompson Coburn

Sector

Industrials & materials

Country / state

ME

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.