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Eager to IPO: 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.

The article Eager to IPO: Cerberus-backed Keane Group sets terms for $300 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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