Black Knight Financial Services (pending BKFS) is off to a powerful start after the pricing of its initial public offering of 18 million shares of Class A common stock at a price to the public of $24.50 per share — it’s already moved above $26.25 in early action.

Major owner Fidelity National Financial (FNF) likewise saw a boost in early Wednesday trading.

The company granted the underwriters a 30-day option to purchase up to 2,700,000 additional shares at the initial public offering price less underwriting discount and commissions.

The company's Class A common stock is expected to begin trading on the New York Stock Exchange under the symbol "BKFS" on May 20, 2015. The offering is expected to close on May 26, 2015, subject to customary closing conditions.

Black Knight Financial Services will look to raise up to $430 million in the IPO after first announcing the plans in December. The net proceeds from the initial public offering will be used to repay a portion of the company's outstanding debt, among other uses.

Fidelity National will control at least 55% of the voting shares of the company, while a private-equity firm, Thomas H. Lee Partners, will have a 27% voting stake.

The stock offering would represent a bit of “Back to the Future” moment for Fidelity and Black Knight, the company formerly known as Lender Processing Services.

Lender Processing Services was originally spun off from a separate Fidelity spin-off, Fidelity National Information Services, Inc. (FIS), in July 2008.

Fidelity brought Lender Processing Services back into the fold just about one year ago, when it acquired LPS for $2.9 billion

Immediately following the initial public offering, the company will refinance the remaining indebtedness under its mirror notes and intercompany notes with new senior secured credit facilities to significantly reduce its interest expense.

J.P. Morgan Securities LLC, BofA Merrill Lynch and Wells Fargo Securities are acting as active bookrunning managers for the offering. Goldman Sachs, Citigroup Global Markets, Credit Suisse Securities, Deutsche Bank Securities and SunTrust Robinson Humphrey are acting as joint bookrunning managers for the offering. Dowling & Partners Securitie; Keefe, Bruyette & Woods; Mizuho Securities; Piper Jaffray & Co., and Stephens Inc. are acting as co-managers for the offering.