You mean this? If so, it isn't for NATDF, but rather for the new MLP. Can't remember all of the details but it's been discussed on Investorvillage.
Seadrill Partners (SDLP) IPO Filing
We are a growth-oriented limited liability company recently formed by Seadrill Limited (NYSE: SDRL) to own, operate and acquire offshore drilling rigs. Our drilling rigs are under long-term contracts with major oil companies such as Chevron, Total, BP and ExxonMobil with an average remaining term of 3.1 years as of June 30, 2012. We intend to grow our position in the offshore drilling market by continuing to provide excellent service to these customers with our modern, technologically advanced fleet. We also intend to leverage the relationships, expertise and reputation of Seadrill to re-contract our fleet under long-term contracts and to identify opportunities to expand our fleet through acquisitions. Seadrill is one of the world’s largest international offshore drilling contractors, and we believe Seadrill will be motivated to facilitate our growth because of its significant ownership interest in us.
Election to be Treated as a Corporation
We have elected to be treated as a corporation for U.S. federal income tax purposes. Consequently, among other things, U.S. Holders (as defined below) will not be directly subject to U.S. federal income tax on our income, but rather will be subject to U.S. federal income tax on distributions received from us and dispositions of units as described below.
Checked with the IPO team at Schwab. The filing is with Citigroup as the sole bookrunner so it may be difficult to get in on the IPO price at other brokers. Will be listed on the NYSE and they are looking to raise approx. 225 million, No price or # of shares yet. This issue was filed confidentially back in July and announced today. I've owned SDRL for over 2 years and just took a nice position in NATDF last month. I follow John Fredriksen like a puppy dog (but out of FRO for a lot of years) and will definitely get a piece of this one.