initial public offerings (IPOs) trading on American exchanges

Wednesday, January 29, 2020

Borr Drilling Limited (BORR) began trading on the NYSE on Wed 31 Jul 19

Norwegian drilling contractor Borr Drilling Limited offered 5 million shares in an IPO, with the pricing fixed at $9.30 per share.

The common shares continue to be listed under the ticker "BDRILL" on the Oslo Børs.
CEO Svend Anton Maier

Lockup Period (days) 180
Lockup Expiration 01/27/2020
Quiet Period Expiration 09/09/2019

The Company
Borr is an international offshore shallow-water drilling contractor providing offshore drilling services to the oil and gas industry. It primarily owns, contracts and operates jack-up rigs for operations in shallow-water areas of depth up to about 400 feet.

The company owns 27 rigs, including 26 jack-up rigs and one semi-submersible rig. With the additional eight jack-up rigs the company is expected to take delivery by the end of 2020, it will have a fleet of 30 jack-up rigs.

Borr currently operates in significant oil producing geographies throughout the world, including the North Sea, the Middle East, Mexico, West Africa and Southeast Asia.

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