North Atlantic Drilling prices IPO at $9.25, the midpoint of the range

By Renaissance Capital,

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North Atlantic Drilling, a Seadrill-backed operator of nine offshore drilling rigs, raised $125 million by offering 13.5 million shares at $9.25, within the range of $8.50 to $10.00. North Atlantic Drilling plans to list on the NYSE under the symbol NADL. North Atlantic Drilling initially filed confidentially on October 26, 2012. Morgan Stanley, Barclays, Goldman Sachs and RS Platou Markets acted as joint bookrunners on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: NADL

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