NEW YORK -- June 8, 2001 – -- Accenture announced today that it has filed with the Securities and Exchange Commission an amended registration statement relating to its proposed offering of Class A common shares.
The amended registration statement relates to an initial public offering of 115 million Class A common shares, or approximately 12% of Accenture’s equity, at an estimated initial public offering price per share of between $13 and $15.
All of the shares are being sold by Accenture, and none of the company’s partners or employees will be selling shares in the offering.
An underwriting syndicate led by joint book-running managers Goldman, Sachs & Co. and Morgan Stanley will offer Accenture’s newly issued shares. The co-managers for the offering are Credit Suisse First Boston, Deutsche Banc Alex. Brown, JPMorgan, Salomon Smith Barney, Banc of America Securities LLC, Lehman Brothers, Merrill Lynch & Co. and UBS Warburg.
Accenture is the world’s leading provider of management and technology consulting services and solutions, with more than 75,000 people in 46 countries delivering a wide range of specialized capabilities and solutions to clients across all industries. Accenture operates globally with one common brand and business model designed to enable the company to serve its clients on a consistent basis around the world. Under its strategy, Accenture is building a network of businesses to meet the full range of any organization’s needs -- consulting, technology, outsourcing, alliances and venture capital. The company generated revenues of $9.75 billion for the fiscal year ended August 31, 2000 and $5.71 billion for the six months ended February 28, 2001. Its home page is http://www.accenture.com.
A registration statement relating to the offering has been filed with the Securities and Exchange Commission but has not yet become effective. The shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
This announcement appears as a matter of record only and should not be taken as an inducement or solicitation to subscribe for shares in any initial public offering.