Andersen Group Inc. (NYSE: ANDG) announced a secondary offering of Class A common stock priced at $44.00 per share, with gross proceeds expected to reach approximately $188.5 million before underwriting costs and expenses.
The offering involves 4,284,457 shares to be sold by certain existing stockholders, and Andersen will not receive any proceeds from the sale. The company also disclosed that the selling stockholders granted underwriters a 30-day option to purchase up to an additional 642,668 shares at the public offering price, less underwriting discounts and commissions.
The offering is expected to close on Friday, subject to customary closing conditions. The registration statement related to the securities was filed with the U.S. Securities and Exchange Commission and declared effective on Tuesday, according to the filing.
Baird, Truist Securities, and UBS Investment Bank are serving as joint book-running managers for the offering, with William Blair acting as an additional book-running manager. Andersen provides tax, valuation, and financial advisory services to individuals, family offices, businesses, and alternative investment funds in the United States.
