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Andersen Shares Surge 47% in Market Debut
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By Mark Maurer | WSJ Leadership Institute
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Good morning, CFOs. Andersen lists on the NYSE; Ben & Jerry’s co-founder says board changes are causing upheaval; and what this year showed us about the Fed’s future.
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Andersen Group had been the U.S. affiliate of Andersen Global, which emerged from the now defunct Arthur Andersen.
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Andersen Group’s shares climbed 47% in their debut on the New York Stock Exchange as investors backed the firm that emerged from the ashes of Arthur Andersen’s collapse.
The San Francisco-based tax and legal services firm’s stock closed at $23.50 a share on Wednesday, giving it a valuation of roughly $2.6 billion. That is up from the $21 opening price and the $16 IPO price. Andersen raised $176 million in the initial public offering.
Before the IPO, Andersen was the U.S. affiliate in a global network known as Andersen Global that spans over 300 affiliated firms in more than 180 countries.
How will the firm grow globally? Andersen plans to eventually acquire some of the international units in the global network after the IPO, said Chairman and Chief Executive Mark Vorsatz, whose term expires in 2028.
“We started some initial conversations with some of those groups as long ago as a year,” Vorsatz said. “The level of interest has probably increased over the last year or so.”
The Wall Street Journal reported last year that Andersen Global was considering taking its U.S. business public.
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Content from our sponsor: Deloitte
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Regulatory Climate May Open Doors for Investment Managers
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What appears to be an updated stance taken by regulators on setting new rules this year will likely position firms to revisit AI adoption, risk management, and new product offerings as they head into 2026. Read More
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📆 Earnings
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Accenture
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Birkenstock Holding
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Cintas
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Darden Restaurants
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FactSet Research Systems
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FedEx
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Nike
📈 Economic Indicators
The Bank of England and the European Central Bank announce their monetary policy decisions.
The BOE is expected to cut its key interest rate by a quarter of a percentage point to 3.75% from 4%.
The BLS releases the consumer price index for November.
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What Else Matters to CFOs
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Transportation Security Administration workers holding checks during a news conference late last month. RONDA CHURCHILL/ASSOCIATED PRESS
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Bonus payments aim to motivate hard workers and inspire them to go the extra mile. For many air-traffic controllers and airport security officers, they are having the opposite effect.
After the U.S. government shutdown this fall, the Trump administration pledged $10,000 bonuses to hundreds of air-traffic controllers, technicians and Transportation Security Administration officers, intended to recognize workers who consistently came in despite working without pay.
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📰 Other headlines
📈 Earnings wrapup
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60.2
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The CFO optimism index for the overall economy in the fourth quarter of 2025, down from 66 a year earlier, according to a new survey from Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta.
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Where senior finance leaders confront today’s expanding remit. Connect on capital, regulation, technology, and talent — and lead with clarity.
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The Wall Street Journal's CFO Journal offers corporate leaders and professionals CFO analysis, advice and commentary to make informed decisions. We cover topics including corporate tax, accounting, regulation, capital markets, management and strategy. Follow us on X @WSJCFO. The WSJ CFO Journal Team comprises reporters Kristin Broughton, Mark Maurer and Jennifer Williams, and Bureau Chief Walden Siew. You can reach us by replying to any newsletter, or email Walden at walden.siew@wsj.com.
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