Tax advisory firm Andersen Group is targeting a valuation of up to $1.75 billion in its initial public offering (IPO) in the United States.
In September 2025, the company filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to list its shares on the New York Stock Exchange (NYSE) under the symbol ANDG.
The IPO aims to offer 11 million shares at an estimated price between $14 and $16 per share, with the goal of raising up to $176 million.
Underwriters will have a thirty-day option to purchase up to an additional 1,650,000 shares at the IPO price, excluding underwriting fees and commissions.
Morgan Stanley and UBS Investment Bank have been appointed lead managers of this offering.
Deutsche Bank Securities, Truist Securities and Wells Fargo Securities also participate as book-running managers, while Baird and William Blair are listed as additional book-running managers.
Andersen Group operates in the US focusing on tax, valuation and financial advisory services for individuals, family offices, business entities and alternative investment funds.
Its network extends internationally through member and collaborating firms providing tax, legal, valuation and consulting services in more than 180 countries at more than 1,000 sites, employing more than 3,000 partners and 50,000 employees.
The company’s background is related to the closure of Arthur Andersen in 2002 after its relationship with Enron.
Arthur Andersen was convicted of obstruction of justice in connection with the Enron case; However, this conviction was later overturned by the Supreme Court.
After Arthur Andersen ceased operations, HSBC acquired a portion of its tax division through Wealth & Tax Advisory Services (WTAS).
This entity was later separated from HSBC in a management buyout before adopting the Andersen Tax name in 2014.
This rebrand marked the beginning of what is now known as Andersen Group.
“Andersen Group Targets $1.75 Billion Valuation in IPO” was created and originally published by International Accounting Bulletin, an imprint owned by GlobalData.
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