Transocean Partners LLC, formed by Transocean (NYSE: RIG) to own three ultra-deepwater rigs in the Gulf of Mexico, raised $385 million by offering 17.5 million shares at $22, above the range of $19 to $21. Transocean Partners LLC plans to list on the NYSE under the symbol RIGP. Transocean Partners LLC initially filed confidentially on 5/7/2014. Morgan Stanley, Barclays, Citi, J.P. Morgan and Wells Fargo acted as joint bookrunners on the deal.
