Andersen Group IPO Said to End About 10 Times Oversubscribed

Andersen Group Inc.’s $176 million initial public offering attracted investor demand for about 10 times the available shares, according to people familiar with the matter.

• Independent tax, valuation and financial advisory firm’s offering drew multiple anchor-size orders from long-only investors, said the people, who asked not to be identified because the information is private
• Top 10 biggest investors in the offering took about 60% of the shares: people
  • Top 20 took about 70% of stock: people
• A representative for Andersen Group didn’t immediately respond to a request for comment
• EARLIER: Arthur Andersen Ex-Partners Raise $176 Million in US IPO ...