Financial Engines, INC. Prices Initial Public Offering
PALO ALTO, California – March 16, 2010 – Financial Engines, Inc. today announced that it has priced its initial public offering of 10,600,000 shares of common stock. Of the shares being offered, 5,868,100 shares are being sold by the company and 4,731,900 shares are being sold by certain stockholders, at a price of $12 per share, through an underwriting group managed by Goldman, Sachs & Co., acting as sole book-running manager, along with UBS Investment Bank, Piper Jaffray & Co. and Cowen and Company, LLC.
The company has granted the underwriters an option to purchase an additional 1,590,000 shares. Financial Engines, Inc.’s common stock will be traded on The Nasdaq Global Market under the symbol “FNGN.”
A registration statement relating to the shares of common stock was declared effective by the Securities and Exchange Commission today. Any offer or sale will be made only by means of a written prospectus forming part of the effective registration statement. Copies of the final prospectus relating to the offering may be obtained, when available, from Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004, Attn: Prospectus Department, (212) 902-1171, (866) 471-2526 (toll-free), (212) 902-9316 (fax).
This news release shall not constitute an offer to sell or the solicitation of any offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Financial Engines
Financial Engines is an independent investment advisor that provides personalized retirement plans for saving, investing, and retirement income. Financial Engines offers both online advice and professional management to meet the needs of different investors. Financial Engines works with large U.S. employers and retirement plan providers to make retirement help available to millions of American workers.
The Financial Engines PR Team