BUZZ - As the US IPO window narrows, AI infrastructure company Accelevation's stock plummets on its second day of trading

October 1 - ** Data center infrastructure firm Accelevation (stock code: ACCV.O) saw its share price plunge as much as 8.1% to $16.50 on Thursday, after its IPO was priced far below market expectations the previous day

** On Wednesday, ACCV stock closed at $17.95 with a lackluster debut. The company issued 30 million shares at $18 each (link), while the expected range was between $20 and $24 per share

** The Miami Township, Ohio-based company sold 10 million shares, while certain selling shareholders affiliated with private equity firm Olympus Partners offloaded 20 million shares

** ACCV pressed ahead with its IPO (link) despite increasingly challenging market conditions, as soaring bond yields and a tighter interest rate environment have dampened risk appetite

** The US IPO window continued to narrow this week, with smart ring maker Oura becoming the latest company to delay plans on Tuesday (link) as market volatility intensified

** Meanwhile, the “Renaissance IPO ETF” IPO.P, which tracks a basket of recently listed stocks, retreated nearly 12% in the third quarter

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