AI infrastructure provider Accretion (ACCV.US) sprinted to a US stock IPO with a maximum valuation of US$5.37 billion

The Zhitong Finance App learned that AI infrastructure provider Accretion said on Tuesday that the target valuation for its IPO could reach as high as 5.37 billion US dollars, making it another company that uses investors to finance AI-related stock demand.

Accelevation and some shareholders plan to issue 30 million shares, with an issue price range of 20 to 24 US dollars, and the maximum amount raised can reach 720 million US dollars.

According to data, Accelation is headquartered in Miamisburg, Ohio, and was founded in 2017. The company is responsible for manufacturing and installing electrical distribution and computer room infrastructure products for use within data centers. Its products and services include branch circuit soft connections (branch circuit whips), remote power panels (PDUs), and associated monitoring, thermal management, and field installation services, and integrates these facilities into factory prefabricated components.

The company earns revenue from product sales and installation and field service provided at customer sites. Its customers include hyperscale data center operators (hyperscale), managed data center operators (colocation), AI and cloud service operators. In 2025, the company's revenue increased by 147%; as of June 30, 2026, the company had an order backlog of approximately US$1.1 billion. According to the data, the company achieved revenue of US$727 million in the 12 months ending June 30, 2026.

Accelevation plans to list on NASDAQ under the ticker symbol “ACCV.” Underwriters for this offering include Morgan Stanley, J.P. Morgan Chase, Goldman Sachs, and Bank of America Securities.

According to several previous market research reports, electricity demand for global AI data centers is exploding, far exceeding the elastic growth model of traditional IT loads. In the next few years, power grid builders such as US utilities may need to spend trillion dollars to upgrade old power grids on a large scale, and provide the strongest power capacity expansion resource support for the unprecedented new construction and expansion cycle of AI data centers led by tech giants such as Microsoft, Google, and Amazon.

Whether it is the upgrading of the power grid system or the “self-built power system” policy orientation, it is driving global power assets into a structural revaluation cycle fully driven by the AI computing power infrastructure construction frenzy. For Accelation, the company is expected to use this power asset boom to achieve good performance in IPOs.