Shareholders of Andersen Corp. have launched a secondary public offering of 4.3 million shares, according to a filing with the U.S. Securities and Exchange Commission.
The offering is being conducted by existing stockholders, who will receive all proceeds from the sale. Andersen Corp. itself will not receive any funds from the transaction, and its shares were trading largely unchanged following the announcement.
The company, a privately held manufacturer of windows and doors, did not disclose the identities of the selling shareholders or the offering price per share. The filing did not specify the use of proceeds beyond the distribution to sellers.
Andersen Corp. has not provided additional details regarding the timing of the offering or the underwriters involved. The company’s stock has historically traded in private markets, and this secondary offering marks a notable shift toward broader market participation.
The offering follows a period of strong demand for home improvement products, which has supported Andersen’s revenue growth in recent quarters. The company has not commented on whether the sale could influence its operational or strategic plans.
