Key facts
- AI infrastructure provider Accelevation is targeting a valuation of up to $5.37 billion in its US IPO.
- The company plans to raise up to $720 million by offering 30 million shares priced between $20 and $24.
- Accelevation manufactures and installs power distribution and white space infrastructure for data centers.
- The company grew revenue 147% in 2025 and had a backlog of approximately $1.1 billion as of June 30, 2026.
- Accelevation booked $727 million in revenue for the 12 months ended June 30, 2026.
- Accelevation plans to list its shares on Nasdaq under the symbol ACCV.
AI infrastructure provider Accelevation is targeting a valuation of up to $5.37 billion in its US initial public offering, joining a trend of companies seeking investor capital for AI-related stocks. The Miamisburg, Ohio-based company aims to raise up to $720 million by offering 30 million shares priced between $20 and $24. Morgan Stanley, J.P. Morgan, Goldman Sachs, and BofA Securities are among the underwriters for the offering. Accelevation plans to list its shares on Nasdaq under the symbol ACCV.
Accelevation Holdings, founded in 2017, manufactures and installs power distribution and white space infrastructure for data centers, serving hyperscale, colocation, AI, and cloud operators. The company reported revenue growth of 147% in 2025 and held a backlog of approximately $1.1 billion as of June 30, 2026. For the 12 months ended June 30, 2026, Accelevation booked $727 million in revenue. Private equity firm Olympus Partners has owned the business since early 2025 and will retain majority voting power post-offering. The company initially filed confidentially on June 30, 2026.