Maersk Drilling down USD 448 million in market value in a month

Maersk Drilling has been listed as an independent company for a month. In that time, the share price has gone down 13 percent in a market that is generally strained for rig operators, analyst tells ShippingWatch.

Photo: PR-foto

Only 30 days have passed since Maersk Drilling was listed, and since then the company has lost DKK 3 billion, or USD 448.3 million, of its market value.

As such, the listing has likely not developed quite as expected for Maersk's former drilling company, which has been listed as an independent company at Nasdaq Copenhagen as The Drilling Company of 1972.

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