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The article reports that Andersen Global, the tax and legal services firm linked to the former Arthur Andersen, is exploring the possibility of taking its U.S. unit, Andersen, public. Topics include the firm's plan to potentially launch an initial public offering (IPO) by late 2025, the overwhelming support from U.S. partners for this move, and the strategic considerations and preparations involved, such as the formation of committees to manage the IPO process.

This article discusses six notable CEOs who left their positions within a short period of time. Laxman Narasimhan, the CEO of Starbucks, stepped down after 16 months, joining a group of high-profile executives who have resigned or been ousted in less than two years. The average tenure of a departing CEO in the S&P 500 is about eight years. The reasons for short CEO tenures can include pressure from company founders or activist investors, failed strategies, or the return of a previous CEO. The article provides examples of CEOs from companies such as J.C. Penney, General Electric, Disney, General Motors, American International Group, and Under Armour, and the circumstances behind their departures. [Extracted from the article]

CBIZ, a publicly traded accounting services provider, has agreed to acquire Marcum, a privately held accounting firm, in a $2.3 billion deal. The acquisition would make CBIZ the seventh-largest accounting firm in the U.S. and allow both firms to expand their business lines. CBIZ would acquire Marcum's consulting and tax services businesses, while its audit practice would be acquired by Mayer Hoffman McCann. The deal is expected to close in the fourth quarter of this year. [Extracted from the article]

Bill Ackman has decided to cancel the initial public offering (IPO) of his new fund, Pershing Square USA, after facing a lack of investor demand. Initially aiming to raise $25 billion, Ackman had to lower the target to around $2 billion. He stated that he is reevaluating the structure of the closed-end fund to address concerns from potential investors. This decision comes after weeks of promoting the fund and its potential to democratize access to a successful hedge-fund strategy for ordinary investors. [Extracted from the article]

Reddit, the social-media platform, is offering its users the opportunity to own shares in its upcoming initial public offering (IPO). This is a unique opportunity for individual investors, as IPO shares are typically reserved for big investors. However, investing in an IPO can be risky, and Reddit has listed small investors as a risk factor in its IPO filing. Some Reddit users are excited about the chance to own a piece of the platform, while others have concerns about potential losses and the volatile nature of individual investors. The IPO market has been spotty in recent years, but 2024 could see a comeback for IPOs. [Extracted from the article]

Biotech IPOs have historically performed well during periods of cautious optimism, according to an analysis. After a volatile period, biotech stocks started to rebound in the second half of last year, and the growing appetite for risk has opened up opportunities for new rounds of biotech financing. While initial public offerings (IPOs) are still below pre-crash levels, conditions may be ideal for investing in new biotech offerings. Historical data suggests that investing in biotech IPOs during a recovery phase, when demand is more muted, tends to yield better long-term returns. [Extracted from the article]

Social-media company Reddit is planning to raise up to $748 million in its initial public offering (IPO), with a target valuation of up to $6.4 billion. The company will offer 22 million shares at a price range of $31 to $34 each. This valuation is lower than Reddit's previous valuation of $10 billion, reflecting investors' decreased interest in unprofitable companies. Reddit reported a net loss of $90.8 million in 2023 but posted net income of $18.5 million in the last three months of the year. The funds raised from the IPO will be used for working capital, acquisitions, and investments in complementary technologies. [Extracted from the article]

Rivian, an electric vehicle (EV) startup, is following in Tesla's footsteps by unveiling new vehicles and shifting into lower price categories. However, the EV market has become more competitive, and Rivian will have to contend with Tesla's benchmark and new products from established automakers. Additionally, Rivian's new platform will not be available until 2026, and the company will face challenges in terms of cost and production. While Rivian is considered one of America's best EV startups, the road ahead is uncertain, and the company's stock has experienced fluctuations. [Extracted from the article]

Coupang, South Korea's leading e-commerce company, is making waves in Asia with its rapid growth and ambitious logistics investments. The company aims to become Korea's version of Amazon and is already a major player in the market, with a quarter of the market share. However, it faces intense competition from rivals such as Temu and Alibaba, who are expanding quickly in Korea. Coupang's expansion strategy includes entering new markets like Taiwan and broadening its product portfolio through acquisitions. Despite its recent success, Coupang's shares are still below their 2021 peak, presenting an opportunity for investors. [Extracted from the article]