Borr Drilling Ltd

Borr Drilling Ltd (BDRILL) priced its initial public offering on Aug 1, 2019 at $9.30 per share, raising $46.5M, and listed on NYSE. At the IPO price its market capitalization was about $1.02B. Goldman Sachs was lead-left underwriter, joined by BTIG, Citigroup and Evercore ISI and others. Skadden, Arps advised the company and Baker Botts advised the underwriters.

Borr Drilling Ltd is an offshore shallow-water drilling contractor providing drilling services to the oil and gas industry worldwide. Its primary business is the ownership, contracting and operation of jack-up rigs in shallow-water areas.

Status

IPO

Ticker

BDRILL

Exchange

NYSE

Priced

Aug 1, 2019

IPO price

$9.30

Raised

$46.5M

Market cap at IPO price

$1.02B

First filed

Jul 10, 2019

Underwriters

Goldman Sachs, BTIG, Citigroup, Evercore ISI and Fearnley

Company counsel

Skadden, Arps

Underwriters' counsel

Baker Botts

Sector

Energy, mining & utilities

Country / state

Bermuda

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.