Law360, New York (January 20, 2017, 5:37 PM EST) -- Advised by Schulte Roth & Zabel LLP, private-equity-backed energy company Keane Group Inc. on Friday completed the first initial public offering of 2017, with an upsized $508.4 million offering that saw the sale of 26.8 million shares at $19 apiece.
The offering priced at the high point of an upwardly revised price range increased earlier this week, according to a statement from Houston-based Keane. The IPO saw Keane sell 15.7 million shares, while an investor group called Keane Investor Holdings LLC, which includes affiliates of private equity firm Cerberus Capital Management LP, sold 11.1 million shares.
Shares of Keane began trading...
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