Olympus-backed Accelevation files for US IPO

Olympus-backed data center infrastructure firm Accelevation has filed for a U.S. initial public offering (IPO) on Wednesday, aiming to capitalize on the surge in investor interest for companies aligned with the AI boom. The IPO market has been buoyed this year by numerous high-profile listings and a robust pipeline of firms seeking public markets.

Accelevation offers infrastructure and power products, including power distribution and deployment, tailored to data center customers. The demand for companies driving the AI boom has been substantial, as investors aim to gain exposure to businesses poised to benefit from the sector's rapid capital spending.

Accelevation, acquired by private equity firm Olympus Partners in January 2025, was established in 2017 by Chief Executive Michael Rubiera. As of June 30, the company had a backlog of approximately $1.1 billion. Its revenue for the year ending December 31 surged to around $448 million, up from $181 million a year prior, with net income more than doubling to $21.8 million.

Accelevation plans to list on the Nasdaq under the ticker ACCV. The underwriters for the offering include Morgan Stanley, J.P. Morgan, Goldman Sachs, Barclays, and BofA Securities.