Tor Olav Troim’s Borr Drilling is set to raise up to $52.4m from its initial public offering in New York which will end a half-decade drought for fresh offshore listings in the US financial capital.
Borr priced its offering of five million shares at $9.30 each, with a further 750,000 shares set aside for its underwriters.
The IPO, which will add to the company’s existing listing in Oslo, was revealed earlier this month.
