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International oil exploration company Pacific Drilling files for a US IPO

November 7, 2011

Pacific Drilling S.A., a european ultra-deepwater oil drilling company operating in North America, South America, and Africa, filed on Monday with the SEC to raise up to $69 million in an initial public offering. The Houston, Luxembourg-based company plans to list on the NYSE under the symbol PACD. Pacific Drilling currently is seeking to list in the United States but is currently traded on the Norwegian OTC market. Morgan Stanley and Deutsche Bank Securities are the lead underwriters on the deal. Terms and timing are still to be determined.