×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: US | Financial | Engines | IPO | Mover

Financial Engines Shares Soar in Trading Debut

Tuesday, 16 March 2010 11:07 AM

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 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


InvestingAnalysis
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...
US,Financial,Engines,IPO,Mover
103
2010-07-16
Tuesday, 16 March 2010 11:07 AM
Newsmax Media, Inc.
Join the Newsmax Community
Register To Comment Login To Comment
Please review Community Guidelines before posting a comment.
 
TOP

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