Data Center Infrastructure Provider Accelevation Targets $5.4 Billion Valuation in Stock Market Debut
New York, Wednesday, 23 September 2026.
Fueled by booming artificial intelligence demand, data center supplier Accelevation is pursuing a $5.37 billion valuation in its stock market launch, backed by a $1.1 billion order backlog.
IPO Valuation and Offering Details
Data center infrastructure specialist Accelevation has launched its United States initial public offering, targeting a valuation of up to $5.37 billion [1][2]. The company, alongside certain selling shareholders, aims to raise up to $720 million through the sale of 30 million shares [1][3]. The shares are priced between $20 and $24 each, reflecting strong investor demand for physical infrastructure supporting artificial intelligence and cloud computing workloads [1][2]. The offering was launched on September 21, 2026, positioning the company to list on the Nasdaq Global Select Market [3][4].
Financial Performance and Backlog
Founded in 2017 and headquartered in Miamisburg, Ohio, Accelevation designs and installs power distribution and cooling systems for data centers [1][2]. The company reported revenue of $447.8 million in 2025, representing a 147% increase from the $181.4 million recorded in 2024 146.858 [4]. As of June 30, 2026, Accelevation held a backlog of contracts and purchase orders valued at $1.1 billion, underscoring the tangible demand for its specialized equipment [3][4]. For the six months ending June 30, 2026, the company generated $437.5 million in revenue, a significant rise from $158.6 million in the same period of 2025 [3][4].
Market Context and AI Demand
The surge in demand for Accelevation’s infrastructure is driven by heavy spending from tech companies building computing capacity for AI models [2][4]. Accelevation estimates the data center infrastructure market will expand from $22 billion in 2025 to approximately $80 billion by 2030 [4]. This growth trajectory aligns with broader market trends, where competitors like Forgent Power Solutions have seen share price increases of about 40% since their own IPOs earlier in the year [2]. Investors are currently scrutinizing order backlogs and cash flow conversion as the IPO market becomes more selective amidst economic fluctuations [2][4].
Listing Details and Underwriters
Accelevation plans to trade under the ticker symbol “ACCV” on the Nasdaq exchange [1][2]. The offering is led by lead banks Morgan Stanley and J.P. Morgan, with participation from Goldman Sachs and BofA Securities [1][2]. Private equity firm Olympus Partners, which acquired Accelevation in early 2025, will retain majority voting power following the IPO [3][4]. While the IPO launch occurred on September 21, 2026, the exact date for share delivery and trading commencement remains subject to market conditions and regulatory effectiveness [3][4].