This ~$125M deal is expected to price as soon as tonight, January 28th. North Atlantic Drilling (NADL) is one of the top names in offshore drilling rigs, especially in climates that are especially harsh.
NADL will have a $2.4B market capitalization and has tended to provide a fairly high yield (10%). Based on the trends in earnings for the past year the current dividend of 22.5c/quarter will probably be bumped up to 25c/share.
Here is a link to the NADL IPO Roadshow Slide Deck.
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