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Oil and gas E&P Sundance Energy Australia files for a $175 million US IPO

By: Renaissance Capital
Posted: 12/19/2013 3:07:00 PM
Referenced Stocks: SNDE

Sundance Energy Australia, an onshore oil and gas E&P operating in Texas, Oklahoma, Colorado and North Dakota, filed on Thursday with the SEC to raise up to $175 million in an initial public offering. The Denver, CO-based company, which was founded in 2004 and booked $67 million in sales (pro forma) for the 12 months ended September 30, 2013, plans to list on the NASDAQ under the symbol SNDE. The company's stock is currently traded on the Australian Securities Exchange under the ticker SEA. Wells Fargo Securities, Canaccord Genuity and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.