Transocean Partners (RIGP) Stock Rises in First Trading Day After IPO

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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

RIGP Price Chart RIGP Price data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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