Fidelity National-controlled Black Knight shares rise 8.7 pct in debut

May 20, 2015 2:07 PM

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May 20 Shares of Black Knight Financial Services Inc, a provider of software and services to the mortgage industry, rose as much as 8.7 percent in their market debut, valuing the company at about $4 billion.

The company raised about $441 million after its IPO was priced at $24.50 per share, close to the top end of the expected range of $22-$25.

Also read: Dropbox Sets IPO Target Valuation at $7 Billion to $8 Billion

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