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Olympus-backed Accelevation files for U.S. IPO
🇸🇬 Singapore /Economy & Trade

Olympus-backed Accelevation files for U.S. IPO

From CNA · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire From a news agency New plan
  • Data center infrastructure company Accelevation filed for a U.S. initial public offering as investor demand grows for businesses linked to artificial intelligence spending.
  • The company reported a backlog of about $1.1 billion as of June 30, while annual revenue rose to roughly $448 million and net income more than doubled to $21.8 million.
  • Accelevation plans to list on Nasdaq under “ACCV,” with Morgan Stanley, J.P. Morgan, Goldman Sachs, Barclays and BofA Securities among the underwriters.

Olympus-backed Accelevation filed for a U.S. initial public offering on Wednesday, seeking to benefit from investor demand for companies that supply the artificial intelligence boom.

The company provides infrastructure and power products for data centers, including power distribution and deployment services. Its filing comes as the market for new listings gains momentum, supported by several high-profile IPOs and a strong pipeline of companies preparing to go public.

Accelevation reported a backlog of about $1.1 billion as of June 30. Revenue for the year ended Dec. 31 reached about $448 million, up from $181 million a year earlier. Net income more than doubled to $21.8 million.

Private equity firm Olympus Partners acquired Accelevation in January 2025. Michael Rubiera, who founded the company in 2017, serves as its chief executive. The company intends to list on Nasdaq under the ticker “ACCV.”

Morgan Stanley, J.P. Morgan, Goldman Sachs, Barclays and BofA Securities are among the underwriters for the offering.

About this summary

Originally published by CNA in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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