The company plans to sell up to 65.2 million common shares at a price range of 20 reais and 26 reais.
Pricing is expected by 9 February and the stock would begin trading on 13 February.
The operation will be led by Brazil’s BTG Pactual bank, with Morgan Stanley and Citigroup among the international financial institutions set to take part.
Seadrill has a fleet of three semi-submersible rigs working in Brazil for Petrobras — West Taurus, West Eminence and West Orion — and has recently won a contract for the supply of three flexible pipelaying support vessels in a joint investment with SapuraCrest.
The
