Elice shares plunge 32% on KOSDAQ debut

Briefing by News4U · First published 2026-10-20 02:20:25 UTC

Korean data-center firm Elice fell 32% on its first trading day after raising 201 billion won ($151 million) in the year’s largest KOSDAQ IPO.

Elice Group listed on KOSDAQ on 20 October at 90,500 won per share, giving it a market value above 1 trillion won, but the stock fell as much as 32% to 61,400 won during the session. [1] [2] [3]

The Seoul-based AI cloud and data-center company raised 201 billion won ($151 million) in the year’s largest KOSDAQ IPO; retail investors oversubscribed the retail tranche more than 400 times. [2] [3]

The weak debut follows the cancellation of rival Firmus’s planned Sydney IPO and comes amid cooling investor sentiment toward AI infrastructure stocks globally. [2] [3]

Sources

1. 快讯

   Wall Street CN · 2026-10-20 00:12:38 UTC · Full text

2. 韩国数据中心公司Elice在韩国上市首日股价暴跌32%

   Sina Finance · 2026-10-20 00:16:08 UTC · Full text

3. 散户热捧难挡破发：韩国数据中心企业 Elice 上市暴跌 32%

   Sina Finance · 2026-10-20 00:21:47 UTC · Full text

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