AI infrastructure company Accelevation is targeting a valuation of up to USD 5.37 billion, equivalent to approximately SEK 53 billion, in connection with its planned US IPO. This is according to a press release.
Accelevation and selling shareholders are offering a total of 30 million shares at a price of USD 20-24 per share, implying an offering of up to USD 720 million. The company will be listed on Nasdaq under the ticker ACCV. Part of Accelevation’s proceeds from the share issue will be used to repay debt.
