Below the lower range! Data center power distributor Accelevation (ACCV.US) IPO priced at $18 per share, raising $540 millions.

According to Jinse Finance APP, data center power distribution and infrastructure product manufacturer Accelevation Holdings (ACCV.US) has announced the terms of its initial public offering (IPO). The company will issue 30 million shares at $18 per share (67% of which are secondary offerings), raising $540 million. The offering price is below the previous pricing range of $20-24 per share.

The company manufactures and installs power distribution and white space infrastructure inside data centers. Its products and services include branch circuit cabling, remote power panels, PDUs and related monitoring, thermal management, and the integration of on-site installations into factory-prefabricated packaged solutions. The company generates revenue through product sales as well as on-site installation and field services provided to clients. Its customer base covers hyperscale, colocation, AI, and cloud operators.

In 2025, the company's revenue is expected to grow by 147%, and as of June 30, 2026, it holds an order backlog of approximately $1.1 billion. Private equity firm Olympus Partners has held a controlling stake in the company since early 2025 and will maintain a majority of voting rights after this offering.

Headquartered in Miamisburg, Ohio, the company will trade on the Nasdaq under the ticker ACCV. Morgan Stanley, JPMorgan, Goldman Sachs, Barclays, BofA Securities, Houlihan Lokey, Baird, William Blair, Piper Sandler, WR Securities, and Nomura Securities are acting as joint bookrunners for this transaction.