Elice, a South Korean AI infrastructure firm, slides in its Seoul market debut
Shares of Elice Group opened 16% below their IPO price in Seoul and later fell 27%, as investors grew cautious on AI and data centre listings, Reuters reports.
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what happened
According to Reuters, shares of Elice Group, a South Korean company building artificial intelligence infrastructure, slid on Tuesday in their first day of trading. The stock opened 16% beneath its offer price and later changed hands 27% lower. The firm gathered 201.1 billion won, about $151.12 million, by issuing 2.22 million new shares at 90,500 won each, the highest point of its marketed range. The benchmark KOSDAQ index dropped roughly 1%.
why it matters
The weak debut suggests investors are becoming more selective about AI and data centre companies after a sector sell-off. Reuters notes that listings tied to AirTrunk, Firmus and SB Energy were withdrawn or put on hold over concerns about expensive borrowing. For markets, the reception is a gauge of how willing buyers are to take on new AI-related equity.
market impact
Asian IPO market and AI infrastructure: cautious investors weigh on KOSDAQ sentiment
tags
instruments
sources
- South Korean AI data centre firm Elice shares tumble in IPO debut — Reuters, 20 October 2026 at 00:14 UTC
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