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Witdrawn : Sundance Energy Files IPO
Sundance Energy Australia Limited has reported the commencement of its initial public offering of 7,750,000 American Depositary Shares (ADSs), each representing 20 ordinary shares of the Company.
Share Price 16.50-18.50
Shares Offered 7,750,000
Offer Amount $164,881,250.00
Total Expenses $2,384.00
Sundance expects the IPO price to be between $16.50 and $18.50 per ADS, for a total of approximately $128 to $143 million. Sundance has also granted the underwriters a 30-day option to purchase up to an additional 1,162,500 ADSs at the offering price to cover over-allotments, if any. The Company has applied to list the ADSs on the NASDAQ Global Select Market under the symbol "SNDE."
Sundance intends to use the net proceeds from the offering to accelerate its development program, primarily in the Eagle Ford and the Mississippian/Woodford, and for general corporate purposes.
Wells Fargo Securities, Canaccord Genuity and UBS Investment Bank are acting as joint book-running managers for the offering. Scotiabank / Howard Weil and Simmons & Company International are acting as co-managers.
/Book Runner
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