Borr Drilling (No_rec, TP: NOK) - Recommendation withdrawn
As stated in a press release dated 10 July, Borr Drilling has filed a registration statement with the SEC for a proposed IPO in the US. Owing to DNB Markets’ role in the deal, we have withdrawn our recommendation, target price and estimates.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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