India, Sept. 22 -- Accelevation Holdings Corp. (ACCV), an automotive company, on Tuesday announced the launch of the roadshow for its proposed initial public offering of 30 million Class A common shares.
The offering includes 8.64 million shares from the company and 21.36 million shares from selling stockholders.
The selling stockholders may also grant underwriters a 30-day option to purchase up to 4.5 million additional shares.
The IPO price is expected to be between $20 and $24 per share.
The company has applied to list its shares on the Nasdaq Global Select Market under the ticker ACCV.
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The company plans to use its net proceeds to purchase newly is...