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Arthur Andersen Ex-Partners Raise $176 Million in US IPO

Bloomberg Markets
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Arthur Andersen Ex-Partners Raise $176 Million in US IPO

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Stocks:Andersen Group Inc., the US arm of the professional services firm that succeeded the shuttered accounting giant Arthur Andersen, raised $176 million in an initial public offering priced at the top of the range. The firm sold 11 million shares at $16 each, according to a statementBloomberg Terminal Tuesday. The company had marketed 11 million shares for $14 to $16 each.

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Source: Bloomberg Markets