Keane launches initial public offering

Houston-based well-completion specialist Keane Group has launched its initial public offering of shares in hopes of raising more than $300 million on the public market.

Keane, a pure-play provider of integrated completion services, launched the offering of 15.3 million shares of common stock, with another 2.5 million shares set aside for underwriters.

The shares will be priced at between $17 and $19 apiece and will be listed on the New York Stock Exchange under the ticker symbol FRAC.

Keane