Financial Engines IPO prices above range-underwriter

NEW YORK, March 15 (Reuters) - Financial Engines Inc (FNGN.O), which provides financial analysis based on the work of Nobel laureate and co-founder William Sharpe, priced shares in its initial public offering above the expected price on Monday.

Palo Alto, California-based Financial Engines sold 10.6 shares for $12 each, raising about $127.2 million. It had planned to sell 10.6 million shares for between $9 and 11, after cutting the size of the offering from the 10.9 million shares it had earlier planned to sell. (Reporting by Clare Baldwin; Editing by Gary Hill)