Andaxin Group (ANDG.US) IPO pricing at $14-16 per share, raising $165 million.

Andersen Group, a tax, valuation, and financial consulting company founded by former partners of Andersen accounting firm, announced the terms of its initial public offering (IPO) on Monday. The California-based company plans to issue 11 million shares at a price range of $14 to $16 per share, aiming to raise $165 million. Based on the midpoint of the proposed price range, Andersen Group's fully diluted market value will reach $1.7 billion. Founded in 2002 by the leadership team and partners of the former Andersen accounting firm, Andersen Group provides independent tax, valuation, and financial advisory services to individuals, family offices, businesses, and institutional clients. Andersen accounting firm was once one of the top five accounting firms globally and had significant influence in areas such as corporate consulting, auditing, tax, and financial advisory, but ultimately collapsed due to scandals like the Enron incident. As of September 30, 2025, Andersen Group has served over 11,900 clients in the United States and achieved global coverage through its membership in Andersen Global, a Swiss association composed of over 300 members and collaborating firms. Established in 2002, Andersen Group generated revenue of $811 million in the 12 months before September 30, 2025. The company plans to list on the New York Stock Exchange under the ticker symbol "ANDG". Morgan Stanley, UBS Investment Bank, Deutsche Bank, Truist Securities, and Fidelity Securities serve as joint bookrunners for the offering, with the issuing price expected to be determined in the week of December 15, 2025.