Core Viewpoint - Andersen Group has filed for an IPO to raise up to $100 million, marking a significant step for the company founded by former Arthur Andersen leaders [1] Company Overview - Founded in 2002, Andersen Group provides independent tax, valuation, and financial consulting services to individuals, family offices, corporations, and institutional clients [1] - The company is headquartered in San Francisco, California, and operates globally [1] Financial Performance - As of June 30, 2025, Andersen Group served over 11,300 clients in the U.S., reflecting a year-over-year growth of 9% [1] - The company reported revenues of $774 million for the 12 months ending June 30, 2025 [1] IPO Details - The company plans to list on the New York Stock Exchange under the ticker symbol "ANDG" [1] - The IPO application was submitted confidentially on April 25, 2025, with pricing terms yet to be disclosed [1] - The underwriting syndicate for the IPO includes Morgan Stanley, UBS Investment Bank, Deutsche Bank, Truist Securities, and Wells Fargo Securities [1]

Group 1 - The implementation of the "Law of the People's Republic of China on Promoting the Development of the Private Economy" on May 20 marks a significant policy shift aimed at enhancing the growth of private enterprises [1] - The core issue causing financing difficulties for private enterprises is insufficient financial transparency, which can be addressed through collaboration among enterprises, financial institutions, and regulatory bodies [1] - Enterprises are encouraged to improve financial management systems and enhance information disclosure quality by engaging professional auditing firms [1] Group 2 - Data governance is highlighted as a means for private enterprises to unlock asset value, with a focus on establishing standardized data collection and management systems [2] - The concept of "new productive forces" is introduced, emphasizing the need for a comprehensive innovation system that integrates data, technology, and talent for the growth of private enterprises [2] - Companies planning to go public in Hong Kong should understand their market fit, align governance structures with Hong Kong standards, and assess compliance with regulatory requirements [2] Group 3 - Deloitte China, established in 1981, is a well-recognized professional services firm with significant influence in the industry, operating in 29 cities with over 350 partners and 7,000 employees [3] - The firm offers a range of services including auditing, tax, consulting, valuation, and engineering management, aiming to support clients in achieving sustainable and responsible growth [3]