Andersen Group, a tax advisory firm, is gearing up for its highly anticipated initial public offering (IPO) in the US with a target valuation of up to $1.75 billion. The company filed a registration statement with the US Securities and Exchange Commission (SEC) in September 2025 to list its shares on the New York Stock Exchange (NYSE) under the symbol ANDG.
The IPO plans to offer 11 million shares at an estimated price range of $14 to $16 per share, with the goal of raising up to $176 million. Additionally, there will be a thirty-day option for underwriters to purchase an additional 1,650,000 shares at the IPO price, excluding underwriting fees and commissions.
Leading the offering are Morgan Stanley and UBS Investment Bank as the appointed lead book-running managers. Deutsche Bank Securities, Truist Securities, and Wells Fargo Securities are also onboard as book-running managers, with Baird and William Blair listed as additional book-running managers.
Andersen Group’s operations in the US focus on providing tax, valuation, and financial advisory services to individuals, family offices, business entities, and alternative investment funds. The firm’s international network spans across more than 180 countries with over 1,000 sites, employing upwards of 3,000 partners and 50,000 staff members.
The firm’s history is tied to the closure of Arthur Andersen in 2002 following its involvement in the Enron scandal. Despite being convicted of obstruction of justice, the Supreme Court later overturned the conviction. After Arthur Andersen’s closure, a portion of its tax division was acquired by HSBC, which later underwent a management buyout to form Andersen Tax in 2014, eventually becoming Andersen Group.
The article “Andersen Group targets $1.75bn valuation in IPO” was originally published by International Accounting Bulletin, a GlobalData owned brand.
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