NEW YORK (TheStreet) -- Transocean Partners  (RIGP) rose Thursday, the deepwater driller's first day of trading after its IPO.

The company priced its initial public offering of 17.5 million shares at $22, slightly greater than the expected range of $19 to $21, and raised $385 million.

The stock hit a high of $24.41 and dipped to a low of $21.90 as of 11:30 a.m., by which point more than 12 million shares had changed hands.

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RIGP Price

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