Tax and consulting firm Andersen rebounds after $189 mln secondary offering

Tax and consulting services firm Andersen Group's ANDG.N shares up 5% at $47.25 in early Thurs trading after secondary offering priced

ANDG late Weds announced ~4.3 mln shares sold by certain holders at $44 for gross proceeds of approx $188.5 mln

Offering price represents 2.3% discount to stock's last sale of $45.02 on Weds

Stock closed at $49 on Mon, just prior to launch of the offering; sellers comprise ANDG's senior management and directors, per the prospectus

RW Baird, Truist, UBS and William Blair are bookrunners

ANDG last week reported Q2 rev up 24% yr/yr to $217.7 mln, above Street consensus of $199.3 mln; it cited strong client additions, higher volumes and service line expansion

San Francisco, California-based ANDG, which has ~113 mln shares outstanding, went public in Dec after IPO priced at $16