Accenture today filed with the Securities and Exchange Commission to raise up to $1 billion in an initial public offering.
The management and technology consulting firm, formerly Andersen Consulting, plans to sell class A common shares to the public. The number of shares and the price range will be revealed in a later filing.
The company will apply for a listing on the New York Stock Exchange under the symbol "ACN" ACN.N. The IPO will be handled by Goldman Sachs and Morgan Stanley.
According to the SEC filing, Accenture had $10.8 billion in revenues for the 12 months ended February 28th, 2001.
It has achieved a compound annual growth rate in its revenues of 17.9 per cent over the past 10 fiscal years.
