Offshore drilling rig provider Noble Spinco files for a $400 million IPO

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Noble Spinco, the largest pure-play global provider of standard specification offshore drilling rigs and spinoff of leading offshore drilling contractor Noble Corporation, filed on Friday with the SEC to raise up to $400 million in an initial public offering. The London, United Kingdom-based company, which was formed in 2013 and booked $1.8 billion in pro forma sales for the 12 months ended September 30, 2013, plans to list on the NYSE. Barclays, Deutsche Bank and J.P. Morgan are the joint bookrunners on the deal. No pricing terms or ticker were disclosed.



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This article appears in: News Headlines , IPOs

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