US stocks: AI infra firm Accelevation valued at $3.9 billion as shares fall in Nasdaq debut

Accelevation's shares began trading below the initial public offering price of $18, reflecting current market instability. The company, which focuses on data center infrastructure, successfully raised $540 million by offering around 30 million shares at a debut price of $17.55. Founded in 2017, Accelevation achieved impressive revenue growth, totaling $447.8 million by 2025 amidst an uncertain U.S. IPO landscape that is impacting this listing season.