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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.

• Website www.borrdrilling.com
• CEO Svend Anton Maier
• Ticker: BORR

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.

IPOs this week : Jan 27 - 31, 20 (wk 5)

IPOs expected to price

• Annovis Bio (ANVS) is expected to price its IPO on January 28, 
• Black Diamond Therapeutics (BDTX) and Avadim Health (AHI) on January 29. 
• The biggest pricing of the week will be the $1.5B Reynolds Consumer Products (REYN) IPO on January 30. The household products seller generated net income of $135M off revenue of $2.2B for the first nine months of 2019. 
• 1Life Healthcare (ONEM) and Arcutis Biotherapeutics (ARQT) are also due to price their IPOs on January 30. 

IPO lockup expirations

• Borr Drilling (NYSE:BORR) on January 27, as well as 
• Dynatrace (NYSE:DT), Kura Sushi USA (NASDAQ:KRUS), Sundial Growers (NASDAQ:SNDL) on January 28 and 
• BioCardia (OTCQB:BCDA) on January 29.