Keane Group Prices IPO At High End Of Range, Expected To Trade Friday

By Caitlin Huston Markets MarketWatch Pulse

Keane Group Inc. , an oil-field services company, priced its initial public offering at the high end of its range Thursday night. Keane priced its offering at $19 a share and will be selling 15.7 million shares, while its selling stockholder, Cerberus Capital Management LP, will be selling 11.06 million shares. Keane will not receive proceeds from the shares sold by the stockholder. Shares are expected to start trading on the New York Stock Exchange Friday under the symbol "FRAC."

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