The US-listeddrilling rig owner made the disclosure in a filing late Friday to the USSecurities and Exchange Commission (SEC).
TheUK headquartered company citied ‘currentmarket conditions’ for the decision to pull the Paragon Offshore IPO.
The Noble subsidiary originallyfiled for a $400m IPO on 20 December 2013 and changed its name to Paragon inMarch.
On 30 April Noble said that it wouldspin off Paragon as a dividend to existing shareholders during the thirdquarter.
