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Sundance Energy Australia Ltd. Opens IPO Of ADS

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February 6, 2014

Sundance Energy Australia Ltd. (ASX: SEA.AX) opened its initial public offering (IPO) of 7,750,000 American depository shares (ADS), after applying to list them on the NasdaqGS under the “SNDE” ticker, the company said Feb. 5.

Each ADS represents 20 ordinary shares, the company added, noting that the IPO should be priced between $16.50-$18.50 per each ADS. Sundance Energy also offered underwriters a monthlong option to buy up to 1,162,500 extra ADS’s to cover overallotments, the company said.

Net proceeds will be used for the company’s development program in the Eagle ...


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