Cobalt International Energy, an oil E&P firm with deepwater prospects in the Gulf of Mexico and off West Africa, priced its 63 million share IPO at $13.50, 16% below the midpoint of the $15-$17 range, raising $851 million in total. The company plans to list on the NYSE under the symbol CIE. Credit Suisse, Goldman Sachs, and J.P. Morgan were the bookrunners on the deal.
