Accelevation Announces Pricing of Initial Public Offering
Accelevation Holdings Corp priced its IPO of 30 million Class A shares at $18.00, set to begin trading on Nasdaq under ticker ACCV on September 30. Only 10 million shares are being sold by the company; 20 million come from selling stockholders affiliated with sponsor Olympus Partners, plus a 4.5 million-share 30-day underwriters' option. The company will not receive proceeds from the secondary portion. The company's net proceeds will go into Accelevation Holdings LLC, which intends to repay debt, cover offering expenses, and fund general corporate purposes.
Key figures
- Offering Price
- 18
- Shares Offered
- 30000000
- Greenshoe option shares
- 4500000
- Primary shares by company
- 10000000
- Secondary shares by selling stockholders
- 20000000
AI analysis
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