Andersen closes $202.4 million IPO with full overallotment exercise

Andersen Group Inc. (NYSE: ANDG) completed its initial public offering, raising $202.4 million in gross proceeds through the sale of 12.65 million shares at $16.00 per share. The offering included the full exercise of underwriters' over-allotment option for an additional 1.65 million shares.

The tax, valuation and financial advisory services provider began trading on the New York Stock Exchange on December 17, 2025. The company serves individuals, family offices, businesses and alternative investment funds in the United States.

Morgan Stanley and UBS Investment Bank served as lead book-running managers for the offering. Deutsche Bank Securities, Truist Securities and Wells Fargo Securities acted as book-running managers, while Baird and William Blair served as additional book-running managers.

The Securities and Exchange Commission declared the registration statement effective on December 16, 2025. The gross proceeds figure excludes underwriting discounts, commissions and estimated offering expenses, according to the company's announcement.

Andersen operates through a global platform spanning more than 180 countries with over 1,000 locations and 50,000 professionals worldwide, according to the press release.

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