Tags: US | Financial | Engines | IPO | Mover

Financial Engines Shares Soar in Trading Debut

Tuesday, 16 Mar 2010 11:07 AM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

Shares of portfolio manager and advisory firm Financial Engines are soaring in their market debut Tuesday.

Financial Engines Inc. was the first company since late November to price shares of its initial public offering above expectations, raising $127.2 million late Monday.

The Palo Alto, Calif. company was founded in 1996 by Stanford finance professor and economics Nobel winner William Sharpe. It offers investment advice for employer-sponsored retirement plans, and turned its first profit in 2009.

Financial Engines shares jumped $3.65, or 30 percent, to $15.65 in morning trading after pricing at $12. The company had expected a price range from $9 to $11.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Nanny-State Health Policies Harm More Than Help

Wednesday, 19 Nov 2014 09:05 AM

Control freaks want to run your life. They call themselves public
servants. . . .

Boston Bombings' Lasting Impact on Liberty

Thursday, 06 Nov 2014 08:51 AM

Yes, most people will give up liberty for security.
 . . .

Don't Expect a Big Shake-Up Tuesday

Wednesday, 29 Oct 2014 10:09 AM

A better way to get new blood into politics would be term limits on elected officials. Several states have them, and the . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved