Tax advisory firm Andersen Group is targeting a valuation of up to $1.75 billion in its initial public offering in the U.S.
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Heading to New York
The San Francisco-based company, which provides independent tax, valuation and financial advisory services to individuals and family offices, businesses and funds in the U.S. is seeking to raise up to $176 million by offering 11 million shares priced between $14 and $16 apiece.
Andersen will list on the New York Stock Exchange under the symbol “ANDG”. Morgan Stanley (MS) and UBS (UBS) Investment Bank are acting as the lead underwriters for the offering.
Andersen’s presence spans more than 180 countries through its global platform of member and collaborating firms delivering tax, legal, valuation and consulting services across more than 1,000 locations with over 3,000 partners and 50,000 professionals.
After a relatively quiet end to November, the U.S. IPO market is gearing up for a final flurry of deals this year as corporate issuers look to seize on a narrow window before the Christmas holidays.
Earlier this month, Wealthfront, the automated digital wealth management firm, said it was heading to New York after unveiling plans for a potential $2 billion initial public offering (IPO).
A Surge in IPOs
The California-based robo advisor, which has over 1.3 million clients, many of whom are in their 20s and 30s, said it planned to offer 34,615,384 shares to the public at a price range of $12.00 to $14.00 per share. The fintech platform has applied to list its common stock on the Nasdaq Global Select Market under the ticker symbol “WLTH” and will grant underwriters a 30-day option to purchase up to 5,192,308 additional shares. It hopes to raise $485 million and hit a $2 billion valuation.
Despite fears over the impact of President Trump’s tariffs, since the mid-point of 2025 there has been a revival in IPOs. This has been driven by more economic confidence in the U.S. and lower interest rates driving up investor interest. Although this has recently been tested by the prolonged government shutdown.
Major names listing this year include FinTech Klarna (KLAR) and CoreWeave (CRWV) – see above.
What Other IPOs are on the Way?
Let’s look at other IPOs in the pipeline with the TipRanks IPO Calendar.
