Cerberus-backed Keane Group sets terms for $300 million IPO

Keane Group, which provides well completion services for the hydraulic fracturing industry, announced terms for its IPO on Monday.

Keane Group was founded in 1973 and booked $434 million in sales for the 12 months ended September 30, 2016. It plans to list on the NYSE under the symbol FRAC. Citi, Morgan Stanley, BofA Merrill Lynch and J.P. Morgan are the joint bookrunners on the deal. It is expected to price on Thursday, January 19, 2017.

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