Financial Engines Inc. shares jumped on early trading during Tuesday. The shares of the company were trading 30 per cent higher than its upper range provided during the initial public offering.

Financial Engines was trading for the first time in the New York Stock Exchange. Post listing, the company became the first one, since November last year, to get itself listed on the exchange.

Financial Engines is in the business of providing retirement-related research and advice.

The company's shares were trading at $15.65 during the morning trade after getting priced at $12 with 4.57 million shares.

It had provided an expected price range of $9 to $11. The company had raised around $127.2 million through its IPO on Monday.

On the other hand, it has lowered its offering to 10.6 million shares. Earlier the company had planned to offer 10.9 million shares.

The California based company was started by a Stanford Finance Professor. He also was a winner of Noble prize for economics for the year 1996. His name was William Sharpe.

The first annual profit figures of the company were released in the year 2009.