Accelevation debuts on Nasdaq at a $3.9 billion valuation, shares fall on the first day

Shares of Accelevation, the data center infrastructure company, opened 2.5% below their initial public offering price on Wednesday, giving the company a valuation of $3.92 billion in its Nasdaq debut, as Reuters reports.

The Miamisburg, Ohio-based company opened trading at $17.55 per share, compared with the $18 offering price. Accelevation provides power distribution, cooling, structural systems and installation services for data centers.

The company and selling shareholders raised $540 million in the U.S. IPO on Tuesday, after selling around 30 million shares — below the targeted range of $20 to $24 per share. The shares trade on the Nasdaq Global Select Market under the symbol “ACCV”.

The debut comes as the U.S. IPO market enters the autumn on uncertain ground, with high volatility and investor caution weighing on the typically busy listing season. The AI infrastructure sector has also faced headwinds, including the reported delay of SB Energy’s expected IPO.

Founded by Michael and Shawn Rubiera in 2017, Accelevation has grown rapidly, with revenue climbing to $447.8 million in 2025 from less than $3 million in 2021, according to the reporting. Last year the company was acquired by the private equity firm Olympus Partners.