Keane Launches $300M IPO As Energy Deals Heat Up

Law360, New York (January 9, 2017, 4:53 PM EST) -- Private equity-backed Keane Group, which provides well completion services for fracking companies, launched a potential $300 million initial public offering Monday, just days after Kimbell Royalty Partners filed an IPO, as more energy-oriented companies return to public capital markets.

Advised by Schulte Roth & Zabel LLP, Houston-based Keane Group Inc. plans to sell 15.3 million shares, priced between $17 and $19. Another 1.4 million shares are being offered by stockholder Keane Investor Holdings LLC, an investor group that includes affiliates of private equity firm Cerberus Capital Management LP. The IPO will raise $300 million if shares sell at midpoint.

IPO proceeds...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!