South Korean data centre builder slides 32% on trading debut

Tue, Oct 20 · 7:03 AM UTC 2 min read

Compiled by KHAO Editorial — aggregated from 5 sources. See llms.txt for citation guidance.

✓ KHAO Verified

Shares in Elice sink in Seoul, adding to rising concern about AI valuations.

Summary

Shares in Elice sink in Seoul, adding to rising concern about AI valuations.

#South Korea

Full coverage

All sources for this story are listed below — KHAO's direct ingest only; no additional coverage was discovered via Google News.

Tier 1 — direct ingest

Financial Times Oct 20 · 7:03 UTC

Shares in Elice sink in Seoul, adding to rising concern about AI valuations.

CoinDesk Oct 20 · 9:32 UTC

The IPO raised $151 million at a valuation of roughly $755 million, .

Crypto Briefing Oct 20 · 9:41 UTC

Seoul-based Elice raised 201 billion won in a heavily oversubscribed listing, then watched its shares close about 32% lower on day one.

MarketWatch Oct 20 · 9:30 UTC

October alone has witnessed the shelving of three separate flotations planned for data-center providers, backed by AI powerhouses like Nvidia, Blackstone and SoftBank.

Bloomberg Oct 20 · 7:44 UTC

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…