Financial Engines eyes $100M IPO

Financial Engines, a firm that manages retirement investments, says it is prepping for a $100 million IPO. Based in Palo Alto, Calif., it partners with companies with employer-sponsored retirement packages, including 107 Fortune 500 companies and seven Fortune 20 companies. It is backed by Foundation Capital Leadership Fund, New Enterprise Associates and Oak Hill Capital Partners.

Like many other companies filing for public offerings, Financial Engines says it plans to use the proceeds to repay debt. It plans to be listed on the Nasdaq under the symbol FNGN.

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