Arthur Andersen Ex-Partners Seek to Raise $176 Million in IPO

Andersen Group Inc., the US arm of the professional services firm that succeeded the shuttered accounting giant Arthur Andersen, is seeking to raise $176 million in an initial public offering.

The company plans to market 11 million shares for $14 to $16 each, according to its filing Monday with the US Securities and Exchange Commission.

At the top of that range, Andersen would have a market value of around $1.75 billion based on the outstanding shares listed in its filing.

The San Francisco-based company had net income of $65.7 million on revenue of $668.3 million for the nine months ...