Accelevation falls in tepid Nasdaq debut
Data center infrastructure firm Accelevation shares fell 2.5 percent in its Nasdaq debut after pricing its initial public offering below the marketed range. The lukewarm reception signals growing investor caution over artificial intelligence spending and lofty valuations.
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Data center infrastructure firm Accelevation fell 2.5% in its Nasdaq debut on Wednesday, after pricing its $18 per share IPO below its marketed range of $20 to $24. The lukewarm offering values the firm at $3.94 billion, down from earlier expectations.
