Professional services firm Andersen Group said on Monday it had confidentially filed for an initial public offering in the United States.
The San Francisco-based company is among a handful of firms pressing ahead with their IPO plans, despite market turmoil, sparked by President Donald Trump’s tariffs, and fears of a potential recession.
Swedish fintech Klarna and San Francisco-based Chime, which were expected to be some of the biggest listings this year, have paused their IPO plans, Reuters has reported.
Andersen, which specializes in tax advisory, compliance and financial consulting, has more than 2,000 personnel across the United States, according to its LinkedIn profile.
Andersen traces its roots to 2002, when it was founded by 23 former partners at Arthur Andersen, the auditor that collapsed in the aftermath of the Enron scandal. Arthur Andersen’s downfall reduced the Big Five to the Big Four, a group that includes Deloitte, PwC, EY and KPMG.
Companies often file for IPOs confidentially to keep details about their financial and strategic plans private, while engaging with regulators and potential investors.
Earlier this month, cloud-based designer platform Figma also confidentially submitted paperwork for an IPO, more than a year after a $20 billion deal to be acquired by Adobe ADBE.O was shelved due to regulatory roadblocks.
Reuters
