Accelevation Plans $720 Million IPO, $5.4B Valuation

Accelevation Holdings, a Miamisburg, Ohio data center infrastructure company founded in 2017, filed with the U.S. SEC on Tuesday, Sept. 22, 2026, seeking to raise up to $720 million. It is marketing 30 million shares priced at $20 to $24 each. The company plans to sell about 8.6 million shares while Olympus Partners and other existing shareholders sell about 21.4 million. Net proceeds are intended primarily to refinance existing debt. The firm has applied to list Class A common stock on the Nasdaq Global Select Market under the ticker ACCV. Underwriters include Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC, Barclays and BofA Securities. Outlets differ on the implied top valuation: Reuters reports up to $5.37 billion; Investing.com about $5.4 billion. On control after the deal, the wire summary says Olympus is expected to retain roughly 80% or more of voting power; Reuters says about 85%. Olympus acquired the company in January 2025. Reuters attributes reporting to Pragyan Kalita in Bengaluru, edited by Sahal Muhammed. The wire summary places the filing amid investor interest in firms supporting AI data-center expansion.