Well completions provider Keane Group Inc. opened its IPO of 15.3 million common shares priced between $17 and $19 each, the company said Jan. 9.

Proceeds might come to about $275.4 million.

Keane Group said net proceeds will be used to repay debt, pay offering-related expenses and support general corporate purposes, and added that it will not receive any proceeds from the selling stockholder.

The selling stockholder is selling 1.4 million shares, and will likely grant underwriters a 30-day over-allotment option to purchase about 2.5 million additional shares.

The company was approved to list on the New York Stock Exchange under the ticker "FRAC," subject to official notice of issuance.

Citigroup, Morgan Stanley, BofA Merrill Lynch, and J.P. Morgan are joint book-running managers. Wells Fargo Securities, Piper Jaffray & Co. and Houlihan Lokey are senior co-managers. Guggenheim Securities, Scotia Howard Weil and Stephens Inc. are co-managers.

Keane Group Inc. is based in Houston.