Sharesin the harsh environment focused drilling company lost 71 US cents on Wednesdayon its initial public offering (IPO) price of $9.25 per share.
Sharesin drilling companies have taken somewhat of a battering lately over fears of theemergence of a supply/demand imbalance.
Some analysts believe that this will lead to a declinein day rates and in some sectors of the rig market a fall utilization levels.
Seadrill
