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Pacific Drilling prices IPO at $8.25, within the range

November 11, 2011

Pacific Drilling S.A., a European ultra-deepwater oil drilling company operating in North America, South America, and Africa, raised $50 million by offering 6 million shares at $8.25, within the range of $8 to $10. The company plans to list on the NYSE under the symbol PACD. Pacific Drilling is also listed on the Norwegian OTC market. Morgan Stanley and Deutsche Bank Securities acted as lead managers on the deal.