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South Korea · Bloomberg
South Korean Data Center Firm Elice Plunges in Trading Debut
Tue, Oct 20 · 7:44 AM UTC
· 2 min read
Compiled by KHAO Editorial
— aggregated from 5 sources.
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Seoul-based neocloud service provider Elice's shares plunged in their trading debut, underscoring lingering concerns about whether the artificial intelligence boom can justify the billions of dollars being poured into the industry.…
#South Korea #Data Center
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Cite (APA): KHAO Editorial. (2026). South Korean Data Center Firm Elice Plunges in Trading Debut . KHAO Daily Digest, October 20, 2026. Retrieved from https://www.bloomberg.com/news/videos/2026-10-20/data-center-firm-elice-plunges-in-trading-debut-video
Full coverage
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Tier 1 — direct ingest
Seoul-based neocloud service provider Elice's shares plunged in their trading debut, underscoring lingering concerns about whether the artificial intelligence boom can justify the billions of dollars being poured into…
The IPO raised $151 million at a valuation of roughly $755 million, .
Seoul-based Elice raised 201 billion won in a heavily oversubscribed listing, then watched its shares close about 32% lower on day one.
October alone has witnessed the shelving of three separate flotations planned for data-center providers, backed by AI powerhouses like Nvidia, Blackstone and SoftBank.
Shares in Elice sink in Seoul, adding to rising concern about AI valuations.