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PE-Backed Keane Group Raises $508M In Upsized IPO

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...
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