AI infra firm Accelevation drops in Nasdaq debut after below-range IPO
ACCV•Accelevation shares opened at $17.55, below their $18 IPO price, after the company priced its offering below the marketed range of $20 to $24. The company and selling shareholders sold 30 million shares, raising $540 million.
1. IPO debut
Accelevation shares opened at $17.55, below the $18 issue price, after the company priced its IPO below the $20-to-$24 marketed range. The company offered 10 million shares, while selling shareholders affiliated with Olympus Partners sold 20 million.
