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Borr Drilling ( (BORR) ) has issued an announcement.
On December 8, 2025, Borr Drilling Limited announced a public offering of 21 million common shares to raise approximately $85 million. The funds will be used for acquiring five premium jack-up rigs and general corporate purposes, including debt service and potential mergers. The company is also planning to list its shares on the Euronext Growth Oslo, with trading expected to commence on December 19, 2025, marking a step towards re-listing on the Oslo Stock Exchange. This move is anticipated to strengthen Borr Drilling’s market position and provide additional liquidity for stakeholders.
The most recent analyst rating on (BORR) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Borr Drilling stock, see the BORR Stock Forecast page.
Spark’s Take on BORR Stock
According to Spark, TipRanks’ AI Analyst, BORR is a Neutral.
Borr Drilling’s overall score is driven by strong technical indicators and a positive earnings call, reflecting operational success and market optimism. However, financial performance is hindered by high leverage and cash flow challenges, which weigh down the overall score.
To see Spark’s full report on BORR stock, click here.
More about Borr Drilling
Borr Drilling Limited operates within the oil and gas industry, focusing on the provision of offshore drilling services. The company is known for its fleet of premium jack-up rigs and aims to enhance its market presence through strategic acquisitions and financial maneuvers.
Average Trading Volume: 4,579,733
Technical Sentiment Signal: Buy
Current Market Cap: $1.16B
See more data about BORR stock on TipRanks’ Stock Analysis page.