Key facts
- Accelevation, a data center infrastructure firm, debuted on the Nasdaq.
- The company's shares opened 2.5% below their IPO price of $18.
- Accelevation achieved a valuation of $3.92 billion at its debut.
- The IPO raised $540 million through the sale of 30 million shares.
- Accelevation provides power distribution, cooling, and structural systems for data centers.
- Founded in 2017, the company experienced significant revenue growth from 2021 to 2025.
Shares of data center infrastructure firm Accelevation opened 2.5% below their initial public offering price on Wednesday, giving the company a valuation of $3.92 billion in its Nasdaq debut. The Miamisburg, Ohio-based company's shares opened at $17.55 apiece, compared with their offer price of $18.
Accelevation provides power distribution, cooling, structural systems, and installation services for data centers. The company and selling shareholders raised $540 million in a U.S. initial public offering on Tuesday, after selling about 30 million shares below the marketed range of $20 to $24 each.
The debut comes as the U.S. IPO market enters the fall on uncertain footing, with heightened volatility and investor caution weighing on the typically busy listing season and prompting some companies to push back their flotation plans. The AI infrastructure sector has also faced setbacks, including the reported delay of SB Energy's expected IPO and a dispute involving Oracle and Blue Owl that could delay a data center project in New Mexico.
Founded by Michael and Shawn Rubiera in 2017, Accelevation has grown rapidly, with revenue rising to $447.8 million in 2025 from less than $3 million in 2021. It was acquired by private equity firm Olympus Partners from LFM Capital last year.