Accenture on startline for trading

Will it outdo KPMG's IPO?

Consulting giant Accenture is to let loose on traders this afternoon as it is set to start trading as a public company on the New York Stock Exchange. The company raised almost $1.7bn in an IPO by selling 115 million shares at $14.50. The litmus test will be if the stock fairs better than rival KPMG, which floated during tough times earlier this year and headed downward following initial gains. Accenture will trade under the New York Stock Exchange symbol ACN.