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Gunderson Dettmer Represents Client Andersen Group in its $176 million IPO
Prnewswire· 2025-12-18 14:00
Core Insights - Andersen Group Inc. successfully completed its initial public offering (IPO) of 11,000,000 shares at a price of $16 per share, raising approximately $176 million in gross proceeds [1] Group 1: IPO Details - The IPO utilized a complex UP-C structure and was priced at the top end of the marketed range of $14 to $16 [1] - Shares began trading on the New York Stock Exchange on December 17, 2025, with the offering expected to close on December 18, 2025 [1] Group 2: Underwriters - Morgan Stanley and UBS Investment Bank served as lead book-running managers for the offering [2] - Other book-running managers included Deutsche Bank Securities, Truist Securities, and Wells Fargo Securities, with Baird and William Blair acting as additional book-running managers [2] Group 3: Legal Representation - Gunderson Dettmer represented Andersen Group Inc. in the IPO, with a deal team led by corporate partners Jay Hachigian and Richard Hesp [3] - The team included various partners and associates specializing in public offerings, corporate law, tax, and executive compensation [3] Group 4: About Gunderson Dettmer - Gunderson Dettmer is a leading international law firm focused exclusively on the innovation economy, serving venture capital and growth equity investors as well as pioneering companies [4] - The firm's expertise allows for an accelerated pace and unmatched efficiency in delivering value at each phase of a client's business [4]