Accelevation seeks $720 million in IPO with backer Olympus

Accelevation Holdings Corp., a data center infrastructure company, is planning to raise up to $720 million through an initial public offering, with support from its backer Olympus Partners. The company will issue 30 million shares at a price range of $20 to $24 per share, according to a recent filing with the U.S. Securities and Exchange Commission.

Olympus Partners will contribute approximately 21.4 million shares, while Accelevation will offer about 8.6 million shares. If the offering reaches its upper price target, the company's market value would be estimated at around $5.4 billion based on the total outstanding shares. The vertically integrated infrastructure platform specializes in designing, manufacturing, and installing power distribution and white space infrastructure products for mission-critical environments such as hyperscale, colocation, artificial intelligence, cloud, and large-scale data center clients.

Accelevation is seeking to list its Class A common stock on The Nasdaq Global Select Market under the ticker symbol ACCV. Underwriters for the IPO include Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC, and Barclays, who have the option to purchase additional shares from selling stockholders for a 30-day period following the prospectus release. The underwriters anticipate delivering shares of Class A common stock on or around September 2026.