The following IPOs are expected to price this week:
Financial Engines, which provides advice and management for employer-sponsored retirement plans, plans to raise $109 million by offering 10.9 million shares at a price range of $9-$11. At the mid-point of the proposed range, Financial Engines will command a market value of $441 million. Financial Engines, which was founded in 1996, booked $85 million in sales over the last 12 months. The Palo Alto, CA-based company plans to list on the NASDAQ under the symbol FNGN. Goldman Sachs and UBS Investment Bank are the lead underwriters on the deal.
Redgate Media, which provides advertisers with a cross-media platform that reaches 160 cities in China, plans to raise $43 million by offering 3.8 million shares at a price range of $10.50-$12.50. At the mid-point of the proposed range, Redgate Media will command a market value of $169 million. Redgate Media, which was founded in 2003, booked $24 million in sales over the last 12 months. The Beijing-based company plans to list on the NASDAQ under the symbol RGM. Brean Murray and i-Bankers Securities are the lead underwriters on the deal.
