Andersen Group Shares Jump 34% After $176 Million US IPO

Shares of Andersen Group Inc., the US arm of the professional services firm that succeeded the shuttered accounting giant Arthur Andersen, rallied as much as 34% in its trading debut.

The company’s shares traded at around $21.37 each as of 12:03 p.m. in New York, above its IPO price of $16 apiece. At the trading price, Andersen would have a market value of around $2.3 billion based on the outstanding shares listed in its filings.

The firm raised $176 million in an initial public offering pricing shares at the top of the range. It sold 11 million shares at ...