Borr Drilling, an offshore drilling company that operates 27 rigs in five geographic locations, filed on Wednesday with the SEC to raise up to $50 million in an initial public offering.
Borr Drilling has been listed on the Oslo Børs since 2017 and currently trades under the symbol BDRILL; it closed yesterday at NOK 83.29.
The Hamilton, Bermuda-based company was founded in 2016 and plans to list on the NYSE under the symbol BORR. Borr Drilling filed confidentially on April 30, 2019. Goldman Sachs and DNB Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
