Sunday 5 May 2024
 
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Shelf Drilling

Dubai's Shelf Drilling cancels London IPO

Dubai-based oil rig supplier Shelf Drilling has cancelled its London initial public offer of shares in an unsurprising move given the lack of any messaging on subscription levels or price guidance during bookbuilding. "This d

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Dubai-based Shelf Drilling aims $500m IPO

Shelf Drilling plans to raise at least $500 million in an initial public offering on the London Stock Exchange, joining other Gulf-based oil services firms seeking a listing on the bourse. The Dubai-based offshore oil rig operator

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