Accelevation Holdings priced its IPO at $18 per share on September 29, 2026—below the marketed $20–$24 range—before debuting on Nasdaq the next day and closing at $17.95, implying a market capitalization near $4 billion based on outstanding shares. Trader consensus around the $4B–$4.5B range reflects the company’s rapid expansion in data-center power and infrastructure products amid AI-driven demand, including 147% revenue growth to roughly $448 million in 2025 and a $1.1 billion backlog as of June 30. The outcome also incorporates the $540 million raise and profitable results, with net income exceeding $20 million recently. A sustained post-IPO decline below current levels or material backlog cancellations could shift sentiment toward a sub-$4 billion resolution.