Keane Group Inc.


Well completions provider opened its IPO of 15.3 million common shares priced between $17 and $19 each. Net proceeds will repay debt, pay offering-related expenses and support general corporate purposes. Keane will not receive any proceeds from the selling stockholder, who is selling 1.4 million shares and will likely grant underwriters a 30-day over-allotment option to purchase about 2.5 million additional shares. Citigroup, Morgan Stanley, BofA Merrill Lynch, and J.P. Morgan are joint book-running managers. Wells Fargo Securities, Piper Jaffray & Co. and Houlihan Lokey are senior co-managers. Guggenheim Securities, Scotia Howard Weil and Stephens Inc. are co-managers.

Click here to go back to the search page
Estimated Price
Financing Type
Report Date