Revived Andersen tax and advisory firm files to pursue US stock listing

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Financial Times 15h ago

Revived Andersen tax and advisory firm files to pursue US stock listing - Financial Times

Quick Summary:

Market volatility unleashed by President Donald Trump’s tariffs has chilled the broader US IPO market, which many investment bankers had tipped to roar back to life under a Republican administration.

Shares in FTI Consulting are down 14 per cent this year after one economic consultant, Jonathan Orszag, set up a rival firm, taking senior colleagues with him and forcing FTI to raise pay to retain others.

The company said on Monday that it had filed a confidential prospectus with the Securities and Exchange Commission, but had yet to set a valuation range or decide how much of the business will sold by current partners.