Ex-Arthur Andersen Partners Seek Public Offering

Andersen Group Inc., the U.S. affiliate of a professional services firm founded by former partners of the now-defunct accounting giant Arthur Andersen, has publicly filed for an initial public offering (IPO). This announcement follows a confidential IPO filing made by the company in April. According to its submission to the U.S. Securities and Exchange Commission, the San Francisco-based firm reported revenues of $384 million and a net loss of $45.4 million for the six months ending June 30. In comparison, for the same period last year, the company generated revenue of $341.6 million and incurred a net loss of $46.9 million. While the filing discloses these financial figures, it does not specify an anticipated valuation or a definitive timeline for the offering.