Key facts
- Accelevation, a data center infrastructure firm backed by Olympus Partners, has filed for a U.S. IPO.
- The company provides infrastructure and power products for data centers.
- Accelevation intends to list on the Nasdaq under the ticker "ACCV".
- Revenue for the year ended December 31 rose to about $448 million, from $181 million a year earlier.
- Net income more than doubled to $21.8 million.
- The company had a backlog of about $1.1 billion as of June 30.
Olympus-backed data center infrastructure firm Accelevation filed for a U.S. initial public offering on Wednesday, seeking to capitalize on strong investor demand for companies serving the artificial intelligence boom. The market for new listings has gained momentum this year, buoyed by several high-profile IPOs and a strong pipeline of firms seeking to go public.
Accelevation provides infrastructure and power products, including power distribution and deployment, to data center customers. The company was acquired by private equity firm Olympus Partners in January 2025 and was founded in 2017 by Chief Executive Michael Rubiera. As of June 30, Accelevation had a backlog of approximately $1.1 billion. For the year ended December 31, revenue rose to about $448 million from $181 million a year earlier, while net income more than doubled to $21.8 million.
The company intends to list on the Nasdaq under the ticker "ACCV". Morgan Stanley, J.P.Morgan, Goldman Sachs, Barclays, and BofA Securities are among the underwriters for the offering.