AI infra firm Accelevation, shareholders raise $540 million in US IPO

Economic Times Techen

AI infra firm Accelevation, shareholders raise $540 million in US IPO

Accelevation and selling shareholders raised $540 million in a US initial public offering, the private equity-backed data center infrastructure firm said on Tuesday. They offer 30 million shares at $18 apiece, below the marketed range of $20 to $24 each.

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