India, Sept. 22 -- (Amended: Corrects company description)
Accelevation Holdings Corp. (ACCV), a data center power distribution and infrastructure company, on Tuesday announced the launch of the roadshow for its proposed initial public offering of 30 million Class A common shares.
The company designs, manufactures, and installs power distribution and white space infrastructure products for data centers.
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.
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