diff --git a/CHANGELOG.md b/CHANGELOG.md
index 27f6f3c52..0f6467098 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -21,6 +21,9 @@ naming scheme accordingly before upgrading.
   to print a hash string for each service's configuration to facilitate rolling
   updates.
 
+- Added `--parallel` flag to the `docker-compose build` command, allowing
+  Compose to build up to 5 images simultaneously.
+
 - Output for the `pull` command now reports status / progress even when pulling
   multiple images in parallel.
 
diff --git a/compose/__init__.py b/compose/__init__.py
index 532f76888..b9088474f 100644
--- a/compose/__init__.py
+++ b/compose/__init__.py
@@ -1,4 +1,4 @@
 from __future__ import absolute_import
 from __future__ import unicode_literals
 
-__version__ = '1.23.0-rc3'
+__version__ = '1.23.0'
diff --git a/script/run/run.sh b/script/run/run.sh
index ba945d3ed..d82b54f0f 100755
--- a/script/run/run.sh
+++ b/script/run/run.sh
@@ -15,7 +15,7 @@
 
 set -e
 
-VERSION="1.23.0-rc3"
+VERSION="1.23.0"
 IMAGE="docker/compose:$VERSION"