Andersen shares rise 38.53% after-hours after $176M IPO drives strong investor demand.

Andersen Group Inc. surged 38.53% in after-hours trading following a successful $176 million U.S. initial public offering, which priced shares at $16 apiece—the top of its marketed range—and attracted investor demand 10 times the available shares. The IPO, led by Morgan Stanley and UBS, valued the firm at approximately $2.3–$2.6 billion based on post-listing trading, reflecting strong market confidence in its tax, valuation, and financial advisory services. The company’s shares closed at $23.50 during regular trading, far exceeding the IPO price, while its recent financial results showed a 46% year-over-year revenue increase to $668.3 million and $65.7 million in net income. The offering enabled Andersen to access capital for expansion and technology investments, aligning with management’s strategic focus on independence and client-focused growth.