Press Release: Gunderson Dettmer Represents Client Andersen Group In Its $176 Million Ipo

Wednesday’s market has seen notable movements in various stocks due to news and other factors. Today, stocks like Avago Technologies and Oracle are experiencing declines, while others show mixed performances. Below are highlights of some of the biggest stock movers, from mega-caps to small caps.

Mega-Cap Movers (Market Cap:$200 billion USD and above)

• Oracle Corp (ORCL); Blue Owl will not back $10B deal for Oracle data center - FT; -5.02%
• Avago Technologies (AVGO) -5.2%
• Lam Research Corp (LRCX) -5.05%
• Caterpillar (CAT) -4.73%
• Adv Micro Device ( -4.81%
• Palantir Technologies Inc (PLTR) -4.33%
• Tesla Motors (TSLA) -4.44%
• Applied Matls Inc (AMAT) -3.77%
• Micron Tech (MU) -3.72%
• Nvidia Corp (NVDA) -3.35%

Large-Cap Stock Movers (Market Cap:$10-$200 billion USD)

• Medline Inc (MDLN) +30.95%
• Bloom Energy Corp (BE) -10.78%
• GE Vernova LLC (GEV) -8.66%
• Comfort Systems USA Inc (FIX) -8.06%
• nVent Electric (NVT) -8.34%
• Constellation Energy Group-Exch (CEG) -8.13%
• AltC Acquisition (OKLO); Oklo conducts plutonium reactor tests with Los Alamos lab; -7.51%
• New Providence Acquisition Corp N (ASTS) -7.28%
• Vistra Energy Corp (VST) -7.26%
• Texas Pacific Land Trust (TPL); Texas Pacific Land partners with Bolt Data & Energy for data centers; +6.98%

Mid-Cap Stock Movers (Market Cap:$2-$10 billion USD)

• Recursion Pharmaceuticals (RXRX); Recursion Pharmaceuticals stock upgraded by JPMorgan on MEK inhibitor potential; +17.39%
• Hut 8 Mining PK (HUT); Hut 8 partners with Anthropic to deploy up to 2,295 MW of AI infrastructure; +11.75%
• Immunome Inc (IMNM); Immunome prices public offering of common stock at $21.50 per share; -11.01%
• Sterling Construc (STRL) -10.15%
• Fluence Energy (FLNC) -10.23%
• Fermi America LLC (FRMI) -10.03%
• EverCommerce (EVCM) -10.0%
• Ikonics Corp (WULF) -9.89%
• Modine Manufacturing Comp (MOD) -8.65%
• Integrated Electr (IESC) -8.48%

Small-Cap Stock Movers (Market Cap:$300 million - $2 billion USD)

• Jyong Biotech (MENS) -75.34%
• Kyverna Therapeutics (KYTX); Kyverna Therapeutics prices public offering of common stock at $7.50; -31.49%
• Thunder Bridge Capital Partners IV (CNCK) -28.57%
• NuStar GP Holdings LLC (SPIR) -24.92%
• Andersen Group Corp (ANDG) +27.31%
• Dingdong ADR (DDL) +23.3%
• Udemy (UDMY) +17.6%
• 4D Molecular Therapeutics (FDMT) -15.1%
• Armada Acquisition I (RZLV) -17.68%
• Kodiak Sciences Inc (KOD); Kodiak Sciences prices upsized public offering at $160 million; +11.73%

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This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Andersen Group Inc. shares opened at $21 on Wednesday, jumping 31% above their initial public offering price of $16 per share in their New York Stock Exchange debut.

The tax and financial advisory services provider raised approximately $176 million in its IPO by selling 11 million shares of Class A common stock. The company is trading under the ticker symbol NYSE:ANDG.

Andersen has granted underwriters a 30-day option to purchase up to an additional 1.65 million shares at the initial offering price, less underwriting discounts and commissions.

Morgan Stanley and UBS Investment Bank are serving as lead book-running managers for the offering.

Andersen Group provides independent tax, valuation and financial advisory services to individuals, family offices, businesses and alternative investment funds across the United States. The company’s approach focuses on stewardship, transparency and high-quality service delivery.

The firm is part of a global platform spanning more than 180 countries, with member and collaborating firms providing tax, legal, valuation and consulting services through over 1,000 locations with more than 3,000 partners and 50,000 professionals worldwide.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.