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The Miamisburg, Ohio-based company's shares opened at $17.55 apiece, compared with their offer price of $18. Accelevation provides power distribution, cooling, structural systems and installation services for data centers. The company and selling shareholders raised $540 million in a US initial public offering on Tuesday, after they sold about 30 million shares, below the marketed range of $20 to $24 each. The debut comes as the US IPO market enters the fall on uncertain footing, with heightened volatility and investor caution weighing on the typically busy listing season and prompting some companies to push back their flotation plans. The AI infrastructure sector has also faced setbacks, including the reported delay of SB Energy's expected IPO and a dispute involving Oracle and Blue Owl that could delay a data center project in New Mexico. Founded by Michael and Shawn Rubiera in 2017, Accelevation has grown rapidly, with revenue rising to $447.8 million in 2025 from less than $3 million in 2021. It was acquired by private equity firm Olympus Partners from LFM Capital last year. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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