AI Infrastructure Firm Accelevation Prices IPO Below Target Range

07:12 AM EDT, 09/30/2026 (MT Newswires) -- Accelevation is set to make its trading debut on Wednesday after the artificial intelligence infrastructure firm priced its initial public offering below its previously announced range. The company, which provides infrastructure products and services to the data center market, priced its IPO of 30 million class A shares at $18 apiece, it said late Tuesday. Last week, the company proposed to price its IPO between $20 and $24 per share, according to a filing with the Securities and Exchange Commission. The shares are expected to begin trading Wednesday on the Nasdaq Global Select Market under the ticker ACCV, while the offering is scheduled to close Thursday. The company, founded in 2017, offered 10 million class A shares, while certain selling stockholders affiliated with private equity firm Olympus Partners offered the remaining 20 million. Underwriters will also have a 30-day option to buy an additional 4.5 million class A shares from the selling stockholders at the IPO price. The offering is expected to raise about $540 million in gross proceeds, according to MT Newswires' calculations. Accelevation said it won't receive any proceeds from the sale of the shares by selling stockholders. According to a Sept. 22 filing, the company's revenue totaled $437.5 million for the six months ended June 30, up from $158.6 million in the same period of last year. The company said strong demand has supported data center infrastructure prices and that it expects to add capacity to meet growing demand for its products. Accelevation said its competition includes digital infrastructure provider Vertiv (VRT), Forgent Power Solutions (FPS), Eaton (ETN) and GE Vernova (GEV), the Sept. 22 filing showed. The company's trading debut comes after smart ring maker Oura delayed its proposed IPO due to an uncertain market, although it said demand for its share sale was "strong." Earlier in September, AI cloud platform firm Nscale filed for its IPO in the US. Sam Altman, chief executive of ChatGPT maker OpenAI, said that an IPO now would be "ill-advised" and that the AI hub's market debut won't happen this year, according to his recent interview with Fortune Magazine. Holtec Nuclear recently postponed its planned IPO, while CVC Capital Partners-backed Bamboo Insurance reportedly shelved plans to go public. Altman and Anthropic CEO Dario Amodei recently warned of increasing safety risks associated with AI and urged the industry to advance the technology at a more measured pace.