Oil rig supplier Nordic American Offshore files for a $115 million IPO

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Nordic American Offshore, which operates platform supply vessels that provide equipment and supplies to offshore drilling rigs, filed on Monday with the SEC to raise up to $115 million in an initial public offering. The Norwegian company booked $1 million in sales from its inception on October 17, 2013 until December 31, 2013, and it plans to list on the NYSE under the symbol NAO. Nordic American Offshore initially filed confidentially on February 3, 2014. Morgan Stanley, Credit Suisse, J.P. Morgan and Pareto Securities are the joint bookrunners on the deal. No pricing terms were disclosed.




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This article appears in: News Headlines , IPOs

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