Accelevation, backers aim to raise up to $720 million in US IPO
Sept 22 : AI infrastructure provider Accelevation is targeting a valuation of up to $5.37 billion in its US initial public offering, the company said on Tuesday, joining a wave of firms tapping investor demand for AI-related stocks.
The Miamisburg, Ohio-based Accelevation and some selling shareholders are aiming to raise up to $720 million by offering 30 million shares priced between $20 and $24.
Morgan Stanley, J.P. Morgan, Goldman Sachs and BofA Securities, among others, are the underwriters for the offering.
Accelevation plans to list its shares on Nasdaq under the symbol “ACCV."
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