Accenture, the firm that will never again be known as Andersen Consulting, has filed plans with the SEC to float an Initial Public Offering.

Plans call for a float of 115 million shares on the New York Stock Exchange representing approximately 12 percent of the firm's equity. The shares are to be valued in the range of $13 to $15 each, resulting in a total of approximately $2 billion that the company will raise. The IPO will be co-led by the underwriting team of Goldman Sachs and Morgan Stanley.

Accenture partners, including those participating in the forced sabbatical announced just last Thursday, will each be granted shares worth an average of $5 million, although the actual range of shares granted will vary considerably. Joe Forehand, Accenture's chief executive and chairman, will be granted 1.4 million shares worth over $20 million.

Partners will face time and years of service restrictions over when they can sell the shares. Altogether, partners will share control of about 80 percent of the company.

About six to eight percent of the company's shares will be distributed to non-partner employees.