Andersen shares surge 40% intraday after successful $176M IPO with 10x oversubscription and strong market demand.

Andersen Group Inc. surged 40.0% intraday following its highly oversubscribed $176 million IPO, with shares trading above the $16 offer price to reach a $2.3 billion market valuation. The stock’s debut was fueled by strong investor demand—10 times the available shares—reflecting confidence in the firm’s rebranded identity and growth strategy. The IPO, priced at the top of its $14–$16 range, enabled Andersen to secure capital for technology, infrastructure, and expansion, as highlighted by CEO Mark Vorsatz. The firm’s differentiation from its troubled Arthur Andersen legacy, coupled with robust pre-IPO financials (net income of $65.7 million for the nine months ended September 30), further bolstered investor sentiment. The listing on the NYSE and leadership’s emphasis on stewardship and innovation reinforced the stock’s momentum.