Elice shares plunge over 30% in South Korea's biggest 2026 IPO

Briefing by News4U · First published 2026-10-20 09:40:30 UTC

The Seoul data-center firm raised $151 million but closed at 60,500 won, down more than 30% from its offer price.

Elice, a Seoul-based neocloud data-center provider, raised 201 billion won ($151 million) in the Kosdaq's largest IPO this year, but its shares fell more than 30% on debut to close at 60,500 won ($45.57). [1] [2] [4]

The weak performance follows three shelved data-center flotations in October and adds to investor doubts about AI infrastructure spending, with the KOSPI dropping nearly 4%. [3] [4]

Sources

1. Data-center firm Elice plunges in South Korea IPO, raising more doubts over AI boom

   The Japan Times · 2026-10-20 02:05:00 UTC · Summary only

2. Elice Slides in Korea Debut Amid Caution Toward AI Stocks

   WSJ Markets · 2026-10-20 05:26:00 UTC · Summary only

3. South Korean IPO flop is the latest in a string of disappointments for the global AI trade

   MarketWatch · 2026-10-20 09:30:00 UTC · Summary only

4. South Korean IPO plunge deepens AI market jitters as brent tops $111

   CoinDesk · 2026-10-20 09:32:24 UTC · Full text

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