By Sonya Rabbitte, 16 July 2001 12:02
NEWS Consultancy firm Accenture is expected to hit the lower end of its share price range when it floats on Thursday. The IPO will see 115 million shares - 20 per cent of the company - go on offer, with the price range set between $13 and $15. But with the continuing economic downturn and poor share performances from competitors such as KPMG, analysts are predicting the Accenture offer will trade at the $13 mark or lower reaping the company just under $1.5bn in market capitalisation. KPMG has seen its share price slip 24 per cent after floating at $18 last February. Accenture is due to price on Wednesday with trading on the New York stock exchange starting Thursday.
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