Borr Drilling Opens Above IPO Price

Borr Drilling BORR made its public debut Wednesday morning, opening at $9.50 after being priced at $9.30 per share.

The company has listed shares on the NYSE under the ticker symbol BORR.

Borr is an international offshore shallow-water drilling contractor providing offshore drilling services to the oil and gas industry. It primarily owns, contracts and operates jack-up rigs for operations in shallow-water areas of depth up to about 400 feet.

Goldman Sachs and DNB Markets are the lead underwriters for the offering.

Related Links:

Borr Drilling IPO: What You Need To Know

A Halftime Report Of The IPO Market In 2019