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.
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