Accelevation Holdings Corp. shares opened at $17.55 on their Nasdaq debut, trading below the $18.00 initial public offering price. The data center infrastructure company listed under the ticker symbol "ACCV" on September 30, 2026.

The offering comprised 30,000,000 shares of Class A common stock. Of these, 10,000,000 shares were offered by Accelevation, while 20,000,000 shares were offered by certain selling stockholders affiliated with Olympus Partners. Accelevation will not receive proceeds from the sale of shares by the selling stockholders.

IPO structure and proceeds

Selling stockholders granted underwriters a 30-day option to purchase up to an additional 4,500,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions. The offering was expected to close on October 1, 2026, subject to customary closing conditions.

Use of proceeds

Accelevation intends to use the net proceeds from the offering to purchase newly issued units in Accelevation Holdings LLC. In turn, Accelevation Holdings LLC intends to apply the balance of the net proceeds it receives from Accelevation to repay indebtedness, pay expenses incurred in connection with the offering and certain organizational transactions and for general corporate purposes.

Underwriting syndicate

Morgan Stanley and J.P. Morgan are acting as joint lead bookrunning managers for the proposed offering. Goldman Sachs & Co. LLC, Barclays and BofA Securities are acting as joint bookrunning managers.

Houlihan Lokey, Baird, William Blair, Piper Sandler and Wolfe | Nomura Alliance are acting as additional bookrunners.

Financial performance and growth

Founded in 2017 by CEO Michael Rubiera and Shawn Rubiera, the Miamisburg, Ohio-based company manufactures power distribution, containment, and structural components for AI and hyperscale data centers at its own U.S. facilities. Revenue grew from less than $3 million in 2021 to $447.8 million in 2025, up from $181.4 million in 2024. The company’s net income rose to $21.7 million in 2025 from $9.4 million in 2024.

The company counts Amazon.com, Inc., Alphabet Inc.’s Google, Meta Platforms Inc., Microsoft Corp., Oracle Corp., and ServiceNow Inc., as well as data center operators including Digital Realty, Vantage Data Centers, Aligned Data Centers, and NTT.

Market context

Accelevation moved ahead with its IPO despite surging bond yields and a tightening rate environment that have cooled investor risk appetite elsewhere in the market. Other major technology listings, including OpenAI and Anthropic, have faced delays due to various market and regulatory concerns, while smart ring maker Oura postponed its IPO plans due to market uncertainty.

About Accelevation

Accelevation is a leading designer, manufacturer and installer of customized structural, electrical and mechanical systems for mission-critical infrastructure. Its vertically integrated model combines U.S.-based manufacturing and nationwide field service capabilities to move customers faster from design through deployment with innovative, factory-built solutions engineered for speed, scalability and certainty.

Olympus Partners, a private equity firm managing in excess of $12 billion, is affiliated with the selling stockholders in this transaction.