diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2c2113668..a06d1cd45 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,7 +1,7 @@
 Change log
 ==========
 
-1.27.0 (2020-08-21)
+1.27.0 (2020-09-03)
 -------------------
 
 ### Features
@@ -28,6 +28,12 @@ Change log
 
 - Fix scale bug when deploy section is set
 
+- Fix `docker-py` bump in `setup.py`
+
+- Fix experimental build failure detection
+
+- Fix context propagation to docker cli
+
 ### Miscellaneous
 
 - Bump `docker-py` to 4.3.1
diff --git a/compose/__init__.py b/compose/__init__.py
index d33f94506..c61ee11a1 100644
--- a/compose/__init__.py
+++ b/compose/__init__.py
@@ -1 +1 @@
-__version__ = '1.27.0-rc2'
+__version__ = '1.27.0-rc3'
diff --git a/script/run/run.sh b/script/run/run.sh
index d2a3247c2..0be2965c0 100755
--- a/script/run/run.sh
+++ b/script/run/run.sh
@@ -15,7 +15,7 @@
 
 set -e
 
-VERSION="1.27.0-rc2"
+VERSION="1.27.0-rc3"
 IMAGE="docker/compose:$VERSION"