Sundance Energy pulls American IPO

Sarah Thompson, Anthony Macdonald and Gretchen Friemann

Updated Feb 24, 2014 – 1.02pm, first published at 1.01pm

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Gas explorer Sundance Energy Australia has pulled its United States initial public offering, blaming market conditions for delaying the $US150 million ($166.5 million) to $US180 million listing.

Sundance had been seeking to raise up to $US180 million through the sale of 7.75 million American Depositary Shares, each representing 20 of the company’s ordinary shares.