Financial Engines scores $127.2M in IPO
Financial Engines, provider of a technology platform for investment portfolio management, has gone public, raising $127.2 million, with shares selling for $12 each (above the $9 to $11 projected range). Based in Palo Alto, Calif., the company was backed by Foundation Capital, New Enterprise Associates, and Oak Hill Capital Partners.
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About the Author, Camille Ricketts
Camille was the lead writer for GreenBeat until August 2010. To reach VentureBeat's current writers, email tips@venturebeat.com.
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