Centennial Resource Development (CDEV) Files for $100M IPO

Centennial Resource Development, Inc. (Nasdaq: CDEV) filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The proposed maximum offering price is $100 million.

The company plans to list on the Nadaq under the ticker, CDEV.

Underwriters on the IPO are Credit Suisse and Barclays.

Centennial Resource Development is an independent oil and natural gas company focused on the development and acquisition of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin.

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