Ocean Rig Partners LP, an MLP formed by Ocean Rig to own three deepwater rigs near Angola, filed on Tuesday with the SEC to raise up to $305 million in an initial public offering. Ocean Rig Partners will use IPO proceeds to purchase its vessels from Ocean Rig...read more
15 companies had initial public offerings and raised $6.4 billion this week, making it the most active week in the IPO market since 2007. Including deals that priced yesterday and began trading today, July saw 34 IPOs, a post-tech bubble record....read more
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...read more
As the IPO market prepares for the busiest week of the year, we see a broad spectrum of IPOs, including LBOs, high-growth plays, energy spinoffs and financial firms, all of which could be outnumbered by a wave of biotechs. IPO performance has stabilized after it...read more
A rigged IPO market: Ocean Rig Partners LP files for a $305 million IPO
Ocean Rig Partners LP, an MLP formed by Ocean Rig to own three deepwater rigs near Angola, filed on Tuesday with the SEC to raise up to $305 million in an initial public offering. Ocean Rig Partners will use IPO proceeds to purchase its vessels from Ocean Rig...read more
US IPO Pricing Recap: 15 IPOs in the most active week since 2007; 66% ended at or below IPO price
15 companies had initial public offerings and raised $6.4 billion this week, making it the most active week in the IPO market since 2007. Including deals that priced yesterday and began trading today, July saw 34 IPOs, a post-tech bubble record....read more
Transocean Partners LLC prices IPO above the range at $22
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...read more
22 US IPOs planned for the week of Jul 28
As the IPO market prepares for the busiest week of the year, we see a broad spectrum of IPOs, including LBOs, high-growth plays, energy spinoffs and financial firms, all of which could be outnumbered by a wave of biotechs. IPO performance has stabilized after it...read more