Borr Drilling Limited (BDRILL) Announces Launch of Initial Public Offering in the United States
Hamilton, Bermuda — July 29, 2019 — Borr Drilling Limited (the “Company” or “Borr Drilling”) today announced that it has launched the initial public offering in the United States (the “Offering”) of 5,000,000 of its common shares. Borr Drilling will also grant the underwriters of the Offering a 30-day option to purchase up to an additional 750,000 common shares at the initial public offering price, less underwriting discounts and commissions. The Company expects the initial public offering price will be substantially similar to the trading price for its shares on the Oslo Børs. The