Andersen Group IPO: revenue, profit and offering terms from its S-1
Andersen Group priced its IPO at $16 a share on 17 Dec 2025 and raised $176 million. Its shares trade on NYSE as ANDG. Revenue was $732 million in 2024, up 14% from 2023, with a net profit of $135 million.
Headlines
- Revenue, 2024
- $732M
- Up 14% on the year before
- Net income, 2024
- $135M
- Revenue, First nine months of 2025
- $668M
- Up 13% on a year earlier
- IPO price
- $16
- $176M raised
Andersen Group IPO terms
From the final prospectus (424B4).
- Exchange
- New York Stock Exchange
- Ticker
- ANDG
- IPO price
- $16
- Shares offered
- 11,000,000
- Raised
- $176M
- Registered
- $243M, the amount the filing fee is paid on
- Underwriters
- Morgan Stanley, UBS Investment Bank and Deutsche Bank Securities, with 4 more banks
- First filed
- 19 Sep 2025
Andersen Group revenue and profit
| Period | Revenue | Operating income | Net income |
|---|---|---|---|
| 2023 | $639M | - | $119M |
| 2024 | $732M | $130M | $135M |
| First nine months of 2024 | $589M | - | - |
| First nine months of 2025 | $668M | $65M | $66M |
Andersen Group share structure and company facts
- Share classes and votes
- Class A: 1 vote, Class B: 10 votes
- Employees
- 2,347
- Headquarters
- San Francisco, California
Andersen Group shares since the IPO
Latest close 26 Oct 2026
- IPO price
- $16
- Priced 17 Dec 2025
- First close
- $23.50
- +47% on the IPO price
- Latest close
- $64.18
- +301% on the IPO price
Andersen Group's IPO filings
The registration statement, each amendment and the final prospectus, oldest first.
About the data
- Terms and financials are read from Andersen Group's newest prospectus (424B4 filed 17 Dec 2025) by a Kadoa workflow. Check figures that matter against the filing.
- Registered is the amount the filing fee is paid on, often a placeholder before the price range is set.
- Raised is the IPO price times the shares sold, without the underwriters' option. Trading compares the first and latest close with the IPO price.