Keane Files For IPO To Raise $287.5 Million

By Tomi KilgoreMarketsMarketWatch Pulse

Keane Group Inc. has filed for an initial public offering, with provider of well completion services looking to raise up to $287.5 million. The company expects to list its stock on the New York Stock Exchange under the ticker symbol "FRAC." Citigroup, Morgan Stanley, BofA Merrill Lynch and J.P. Morgan are the joint book-running managers. Keane, which was founded in 1973 in Lewis Run, Penn., said of its total 23 hydraulic fleets, 13 fleets were deployed as of Nov. 30.

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