Accelevation Targets $5.37 Billion Valuation in US IPO

Accelevation, a data centre infrastructure company backed by private equity firm Olympus Partners, is targeting a valuation of up to $5.37 billion in its US initial public offering (IPO), joining a growing wave of companies seeking to capitalise on investor demand for artificial intelligence-related stocks. The company and some selling shareholders aim to raise up to $720 million by offering 30 million shares at a price range of $20 to $24 apiece.

Founded in 2017, the Ohio-based company designs, manufactures and installs power distribution, cooling and modular infrastructure for data centre customers. Demand for such equipment has surged as technology companies ramp up investments in computing capacity to develop and operate AI models. Goldman Sachs Research expects global data centre power demand to rise 170% by 2030 from 2025 levels, highlighting the sector’s growth potential.

Accelevation plans to use the net proceeds from the offering primarily to refinance existing debt. Olympus Partners, which acquired the company in January 2025, is expected to retain about 85% of its combined voting power following the IPO. The company plans to list on the Nasdaq under the ticker symbol “ACCV,” with Morgan Stanley, J.P. Morgan, Goldman Sachs and BofA Securities among the underwriters. The offering comes amid expectations of increased IPO activity, with several AI-focused companies also pursuing potential public listings.

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