SUNNYVALE, Calif.--(BUSINESS WIRE)--Aug. 22, 2017--
Financial Engines (NASDAQ:FNGN) today announced the closing of a
secondary offering of 4,109,128 shares of Financial Engines’ common
stock at a price to the public of $33.35 per share (the “Offering”). All
of the shares are being sold by entities affiliated with Warburg Pincus
LLC (the “Selling Stockholders”). Financial Engines will not receive any
of the proceeds from the sale of the common shares.
Morgan Stanley & Co. LLC acted as the underwriter of the Offering.
The Offering is being made pursuant to an effective shelf registration
statement, including a prospectus, filed by Financial Engines with the
Securities and Exchange Commission (the “SEC”) on February 3, 2016.
Before you invest, you should read the prospectus in that registration
statement and other documents Financial Engines has filed with the SEC
for more complete information about Financial Engines and the Offering.
You may obtain these documents for free by visiting the SEC website at www.sec.gov.
Alternatively, copies of the prospectus and a prospectus supplement,
when available, may be obtained from Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, NY 10014.
Michael Martin, a Partner of Warburg Pincus & Co. and a Member and
Managing Director Warburg Pincus LLC, joined the Financial Engines board
of directors in 2016 and is expected to remain on the board.
This press release is for informational purposes only and does not
constitute an offer to sell, or a solicitation of an offer to buy, nor
shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Financial Engines
Financial Engines provides comprehensive financial planning and
professional investment management and advice. Headquartered in
Sunnyvale, CA, Financial Engines was co-founded in 1996 by Nobel
Prize-winning economist William F. Sharpe. We currently offer financial
help to more than 9.5 million people across over 725 companies
(including 150 of the Fortune 500). Our unique approach, combined with
powerful online services, dedicated advisors and personal attention,
promotes greater financial wellness and helps more Americans to meet
their financial goals.
For more information, please visit www.financialengines.com.
©1998-2017 Financial Engines, Inc. All rights reserved. Financial
Engines® is a registered trademark of Financial Engines, Inc. All
advisory services provided by Financial Engines Advisors L.L.C.
Financial Engines does not guarantee future results.
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements, other than statements of historical facts, included in this
press release are forward-looking statements. These forward-looking
statements are subject to several risks and uncertainties and are made
in light of information currently available to Financial Engines. When
used in this press release, the words “anticipate,” “believe,” “intend,”
“expect,” “estimate,” “plan,” “will” or other similar words are intended
to identify forward-looking statements. Such statements are subject to a
number of assumptions, risks and uncertainties, many of which are beyond
the control of Financial Engines and which may cause actual results to
differ materially from those implied or expressed by the forward-looking
statements. More information regarding these and other risks,
uncertainties and factors is contained in the Company’s Form 10-K for
the year ended December 31, 2016, and in other filings made by the
Company with the SEC from time to time. You are cautioned not to unduly
rely on these forward-looking statements, which speak only as of the
date of this press release. All information in this press release is as
of the date of this press release and unless required by law, Financial
Engines undertakes no obligation to publicly revise any forward-looking
statement to reflect circumstances or events after the date of this
press release or to report the occurrence of unanticipated events. All
forward-looking statements are qualified in their entirety by this
References in this press release to “Financial Engines,” “our company,”
“the Company,” “we,” “us” and “our” refer to Financial Engines, Inc. and
its consolidated subsidiaries during the periods presented unless the
context requires otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170822005886/en/
Source: Financial Engines
Amy Conley, 617-556-2305