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Tax firm Andersen reveals over 12% revenue jump in US IPO filing
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Tax firm Andersen reveals over 12% revenue jump in US IPO filing
Sep 21, 2025 4:31 AM

By Ateev Bhandari and Arasu Kannagi Basil

Sept 19 (Reuters) - Andersen Group reported a 12.4% rise

in revenue for the first half of 2025, the professional services

firm disclosed on Friday in its U.S. initial public offering

filing, setting the stage for a rare listing by a consulting

firm.

New listings have gained traction as buoyant equity markets

and robust corporate earnings help investors navigate a

persistently uncertain macroeconomic environment.

Crypto custody startup BitGo and corporate travel and

expense management firm Navan also filed IPO paperwork on

Friday, seeking to go public in New York.

Andersen, which confidentially filed for a New York IPO in

April, traces its origins to Wealth & Tax Advisory Services,

founded in 2002 by 23 former Arthur Andersen partners.

Arthur Andersen, once a member of the Big Five accounting

firms, collapsed in the aftermath of the Enron scandal, leaving

Deloitte, PwC, EY and KPMG as the surviving Big Four.

A potential listing by the company would mark a notable

emergence from the legacy of Arthur Andersen, positioning it as

one of the few publicly traded tax and consulting firms in the

United States.

"The profile of U.S. IPOs has broadened significantly over

the past weeks with strong investor demand for respective deals

across sectors," said Kat Liu, vice president at IPO research

firm IPOX.

The San Francisco-based company, which rebranded as Andersen

in 2014 after acquiring the rights to the name, offers tax,

valuation, financial advisory, and related consulting services

to individual and commercial clients.

The company swung to a loss of $45.4 million on revenue of

$384.1 million for the six months ended June 30, compared to a

profit of $46.9 million on revenue of $341.6 million in the same

period a year earlier.

Morgan Stanley and UBS are serving as lead underwriters for

the offering. Andersen plans to list on the New York Stock

Exchange under the ticker symbol "ANDG".

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