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Elice IPO: Korean AI cloud firm falls 32% on its first trading day — Blankdot

thenextweb.com2 weeks ago

Elice IPO: Korean AI cloud firm falls 32% on its first trading day

Elice IPO: Korean AI cloud firm falls 32% on its first trading day

Shares in Elice, a South Korean AI data centre company, fell 32% on their first day of trading in Seoul on Tuesday. It was the worst debut on record for a Korean IPO of $100m or more, according to data compiled by Bloomberg, as Yoolim Lee and Youkyung Lee reported. Elice raised 201.1bn won ($151m)…

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