AI infra firm Accelevation valued at $3.9 billion as shares fall in Nasdaq debut
ACCV•Accelevation shares opened at $17.55, 2.5% below their $18 IPO price, valuing the company at $3.92 billion. The company and selling shareholders raised $540 million by selling about 30 million shares, below the marketed range of $20 to $24 each.
1. Shares open below IPO price
Accelevation shares opened at $17.55 apiece in their Nasdaq debut, below the $18 offer price and valuing the company at $3.92 billion. The company and selling shareholders raised $540 million in the IPO after selling about 30 million shares, below the marketed range of $20 to $24 each.
2. Data center infrastructure business
The Miamisburg, Ohio-based company provides power distribution, cooling, structural systems and installation services for data centers. Founded by Michael and Shawn Rubiera in 2017, it reported revenue of $447.8 million in 2025, up from less than $3 million in 2021. Olympus Partners acquired it from LFM Capital last year.
