The heir to Andersen Group's clothing empire? Andersen Group (ANDG.US) applies for a US stock IPO, aiming to raise up to $100 million.

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 in funds through an initial public offering (IPO). Andersen Group was founded in 2002 by former leaders and partners of the Arthur Andersen accounting firm, providing independent tax, valuation, and financial consulting services to individuals, family offices, enterprises, and institutional clients. It is reported that Arthur Andersen was once one of the world's five largest accounting firms, with significant influence in areas such as corporate consulting, auditing, tax, and financial consulting, but eventually collapsed due to scandals like the Enron incident. As of June 30, 2025, Andersen had served over 11,300 client groups in the U.S. (a 9% year-on-year increase). The company operates globally. Headquartered in San Francisco, California, Andersen Group generated $7.74 billion in revenue in the 12 months ending on June 30, 2025. The company plans to list on the New York Stock Exchange under the ticker symbol "ANDG." Andersen Group secretly submitted the application on April 25, 2025. Morgan Stanley, UBS Investment Bank, Deutsche Bank, Truist Securities, and Fidelity Securities are the joint underwriters for this transaction. Pricing terms have not been disclosed.