US stocks: AI infra firm Accelevation valued at $3.9 billion as shares fall in Nasdaq debut
Shares of data center infrastructure firm Accelevation opened 2.5% below their initial public offering price on Wednesday, giving the company a valuation of $3.92 billion in its Nasdaq debut.
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.
