Shares of Andersen Group (ANDG) jumped to $21.37 in their New York Stock Exchange debut today – up $5.37 for a gain of 33.6 percent from their $16.00 IPO price. At the opening trade, Andersen would have a market cap of about $2.3 billion, according to Bloomberg.
Andersen Group’s stock closed at $23.50, up $7.50 from its IPO price for a gain of 46.9 percent in its first day of NYSE trading.
Based in San Francisco, Andersen Group is a profitable tax accounting and advisory firm that was founded in 2002 by partners and leading managers of Arthur Andersen.
Andersen’s IPO was priced at the top of its $14.00-to-$16.00 range. The IPO – consisting of 11 million shares – raised $176 million. Its market cap at pricing was about $1.75 billion.
Morgan Stanley and UBS Investment Bank led the joint book-runners’ team for Andersen’s IPO.
According to INSIDE Public Accounting, Andersen Group ranks among the top 20 U.S. tax accounting and financial advisory firms in 2025.