NEW YORK, July 19, 2001 – The newly issued Class A common shares of Accenture (NYSE: ACN) commenced trading on the New York Stock Exchange today under the symbol ACN.
Yesterday Accenture announced that its initial public offering of 115 million Class A common shares, representing approximately 12% of the company’s equity, had been priced at $14.50 per share. The underwriters have an option to purchase up to an additional 17.25 million shares to cover over-allotments.
Joe W. Forehand, Accenture chairman and CEO, said, “This is an exciting and historic day for Accenture. By becoming a public company, we are creating opportunities for growth in the best interests of our clients, shareholders and people around the world. We will now be better positioned to deliver a broader range of capabilities and solutions to address the increasingly sophisticated needs of our clients and to create value and opportunity for all of our stakeholders.”
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 any shares.