Black Knight Financial Services, a spinoff of Fidelity National Financial's mortgage servicing and origination software platform, raised $441 million by offering 18 million shares (all primary) at $24.50, above the midpoint of the $22-$25 range. The company had initially planned to offer 17 million shares and price its IPO on Wednesday, before moving the deal up last week.
The Jacksonville, FL-based company now commands a fully diluted market value of $3.7 billion and an enterprise value of $5.4 billion. Black Knight will list on the NASDAQ under the symbol BKFS. J.P. Morgan, BofA Merrill Lynch, Wells Fargo Securities, Goldman Sachs, Citi, Credit Suisse, Deutsche Bank and Suntrust Robinson Humphrey all acted as joint bookrunners on the deal.
