Elice shares plunge 32% on KOSDAQ debut, worst large IPO day

Briefing by News4U · First published 2026-10-20 08:00:45 UTC

Korean AI data-center firm Elice fell 32% on its first trading day after raising 201 billion won ($151 million) at the top of its range.

Elice Inc., a Seoul-based AI cloud and data-center company, began trading on KOSDAQ on 20 October and closed down 32% after touching a 38% intraday loss, marking the worst first-day performance for any large Korean IPO. [1] [2] [3] [4] [5]

The company raised 201 billion won ($151 million) by selling shares at 90,500 won each, the top of its marketed range, giving it a post-IPO market value above 1 trillion won. [2] [3] [4] [5]

Retail investors subscribed more than 400 times the retail tranche and lodged about 10.3 trillion won in application money, yet the stock still fell sharply amid broader concerns over AI infrastructure returns. [3] [4] [5]

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

4. 快讯

   Wall Street CN · 2026-10-20 07:25:55 UTC · Full text

5. AI担忧卷土重来 韩国数据中心公司Elice上市首日暴跌32%

   Sina Finance · 2026-10-20 07:35:44 UTC · Full text

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