NEW YORK, July 18, 2001 -- – Accenture today announced that its initial public offering of 115 million Class A common shares, representing approximately 12 percent of the company’s equity, has been priced at $14.50 per share. That price is near the high end of the anticipated $13-$15 range. The shares are scheduled to begin trading tomorrow on the New York Stock Exchange under the trading symbol ACN.
An underwriting syndicate led by joint book-running managers Goldman, Sachs & Co. and Morgan Stanley is offering Accenture’s newly issued shares. The co-managers for the offering are Credit Suisse First Boston, Deutsche Bank Alex. Brown, JPMorgan, Salomon Smith Barney, Banc of America Securities LLC, Lehman Brothers, Merrill Lynch & Co., UBS Warburg and ABN Amro Rothschild LLC. The underwriters have an option to purchase up to an additional 17.25 million shares to cover over-allotments.
A prospectus relating to the offering may be obtained by calling Accenture Investor Relations at 1-877-ACN-5659 (1-877-226-5659) or 1-703-797-1711.
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 before reimbursements of $9.75 billion for the fiscal year ended August 31, 2000, and $8.67 billion for the nine months ended May 31, 2001. Its home page is http://www.accenture.com.
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 subsequent initial public offering.