Transocean Partners LLC prices IPO above the range at $22

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Transocean Partners LLC, formed by Transocean ( RIG ) to own three ultra-deepwater rigs in the Gulf of Mexico, raised $385 million by offering 17.5 million shares at $22, above the range of $19 to $21. Transocean Partners LLC plans to list on the NYSE under the symbol RIGP. Transocean Partners LLC initially filed confidentially on 5/7/2014. Morgan Stanley, Barclays, Citi, J.P. Morgan and Wells Fargo 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 The NASDAQ OMX Group, Inc.




This article appears in: News Headlines , IPOs

Referenced Stocks: RIG , RIGP

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