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".