Chicago (May 20, 2004) -- Huron Consulting Group Inc., the business consulting concern formed by several former Andersen employees after the accounting giant's collapse, plans to go public.
According to the company's registration statement, filed with the Securities and Exchange Commission, Huron plans raise up to $100 million in an initial public offering, it but didn't specify the number of price of the shares. The company plans to apply to trade on the Nasdaq under the symbol “HURN."
A core group of Andersen alumni, including Huron president Gary E. Holdren, who was a senior partner the accounting firm's Chicago office, formed the consulting group in May 2002, following Andersen's March 2002 indictment on a charge of obstruction of justice in the Enron case. Andersen was convicted in June, effectively ending its audit practice.
The Chicago-based consulting outfit, which added more than 200 new consultants during 2003 and now employs 588, has offices in Boston, Charlotte, Houston, New York, San Francisco and Washington.
UBS Investment Bank, Deutsche Bank Securities and William Blair & Co. serve as underwriters for the offering.
-- WebCPA staff
