"I suspect the underwriters will be selling their small additional over-allotment shares into the market for the next few weeks, which might keep the stock down for a while, but that's good for us, " says Adamo.
Seadrill Partners has granted the underwriters a 30-day over-allotment option to purchase up to 1, 312, 500 additional common units, at the same price per unit, to cover over-allotments, if any.