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Data-Center Firm Elice Plunges 32% in Debut After Korea IPO
Retail investors oversubscribed the offering more than 400 times, but the stock fell as AI infrastructure sentiment weakened.
Summary by The Japan Times
9 Articles
9 Articles
Data-Center Firm Elice Plunges 32% in Debut After Korea IPO
Data-center infrastructure company Elice Inc. plunged in its trading debut on South Korea’s tech-heavy Kosdaq market after raising 201 billion won ($151 million) in the bourse’s biggest initial public offering this year.
·New York, United States
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(Seoul = Yonhap News) Reporter Kim Yu-hyang = Ellis [0158S0], which began trading on the KOSDAQ market, is plummeting more than 30% in early trading on the 20th.
·Seoul, Korea (the Republic of)
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Another Day, Another Data Center Faceplant: Korea's Biggest IPO Of The Year Craters 32% Within Seconds
Another Day, Another Data Center Faceplant: Korea's Biggest IPO Of The Year Craters 32% Within Seconds Another day, another data center faceplant. This time the venue is Seoul, where data-center infrastructure company Elice (0158S0 KS) plunged in its trading debut on South Korea's tech-heavy…
Coverage Details
Total News Sources9
Leaning Left0Leaning Right3Center3Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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