Financial Engines, which provides advice and management for employer-sponsored retirement plans, raised $127 million by offering 10.6 million shares at $12.00, above the range of $9.00 to $11.00. The company was co-founded by Nobel laureate William Sharpe, and it represents the first US IPO of 2010 to price above the midpoint of its proposed range. Financial Engines is expected to begin trading Tuesday on the NASDAQ under the symbol FNGN. Goldman Sachs and UBS Investment Bank acted as lead managers on the deal.
