Accelevation launched the roadshow for a proposed initial public offering of 30 million Class A shares, with an expected price range of $20 to $24 per share and a planned Nasdaq listing under ACCV.
A data-center infrastructure listing
The company describes itself as a designer, manufacturer and installer of structural, electrical and mechanical systems for mission-critical infrastructure. Its planned offering sits in the power-distribution, cooling and modular-infrastructure layer supporting data-center expansion.
The offering is not yet effective
Accelevation's release says the registration statement has been filed with the SEC but is not yet effective, and that the securities may not be sold before effectiveness. The offering therefore remains proposed rather than completed.