Australia’s Sundance Energy launches US IPO

摘要

Sydney—Sundance Energy Australia has outlined the terms of its initial public offering, expected to raise at least $128 million, to help fund the development of its US onshore unconventional oil and gas assets. Sundance is offering 7.75 million American Depositary Shares, each representing 20 ordinary shares, the company said in a statement Thursday. The IPO price is expected to be between $16.50 and $18.50 for each ADS.