AI infrastructure company Accelevation and backer Olympus raise $540M in a US IPO after selling 30M shares for $18 each, below its marketed $20-$24 range (Bloomberg)
Accelevation got the deal done, but investors priced it below the target range.
The AI infrastructure company and backer Olympus sold 30 million shares at $18 apiece.
That raised $540 million in the US IPO.
The final price came in under the marketed $20 to $24 range.
Techmeme's note
The AI infrastructure company and backer Olympus sold 30 million shares at $18 apiece.
That raised $540 million in the US IPO.
The final price came in under the marketed $20 to $24 range.
Techmeme's note
score 8