"Who is the heir of Arthur Andersen?" Andersen Group applies for a US stock IPO, aiming to raise up to $100 million
Andersen Group, the successor of Arthur Andersen, plans to raise up to $100 million in the United States through an initial public offering (IPO). The company submitted its application to the U.S. Securities and Exchange Commission last Friday and is expected to list on the New York Stock Exchange under the ticker symbol "ANDG." Founded in 2002, Andersen Group provides tax, valuation, and financial consulting services, with revenue of $774 million as of June 30, 2025. Morgan Stanley and others are the joint underwriters for this transaction
According to the Zhitong Finance APP, tax consulting firm Andersen Group submitted an application to the U.S. Securities and Exchange Commission (SEC) last Friday, planning to raise up to $100 million through an initial public offering (IPO).
Andersen Group was founded in 2002 by a leadership and partner team from the former Arthur Andersen accounting firm, providing independent tax, valuation, and financial consulting services to individuals, family offices, businesses, and institutional clients. It is reported that Arthur Andersen was once one of the "Big Five" accounting firms globally, having significant influence in corporate consulting, auditing, tax, and financial consulting, but ultimately collapsed due to scandals such as the Enron incident.
As of June 30, 2025, Andersen has served over 11,300 client groups across the United States (a year-on-year growth of 9%). The company operates globally.
The company is headquartered in San Francisco, California, and achieved $774 million in revenue in the 12 months ending June 30, 2025. The company plans to list on the New York Stock Exchange under the ticker symbol "ANDG." Andersen Group submitted its application confidentially on April 25, 2025. Morgan Stanley, UBS Investment Bank, Deutsche Bank, Truist Securities, and Wells Fargo Securities are the joint underwriters for this transaction. Pricing terms have not yet been disclosed
