Story perspectives

Elice Group Shares Drop 30% in Kosdaq Debut

By Drooid · Oct 20, 2026, 3:51 PM UTC · How we work

Summary

Story summary

Elice Group’s shares fell about 30% in its Kosdaq debut.
The IPO raised 201.1 billion won ($150 million) at 90,500 won per share.
Retail investors subscribed roughly 400 times and institutions about 389 times.
CEO Jae Won Kim said proceeds will fund portable modular AI data centers in South Korea and abroad.
Analysts warned AI-infrastructure investor appetite has weakened after setbacks at Firmus, CoreWeave and AirTrunk.

History

Historical Context

Amazon’s 1997 NASDAQ IPO, which raised $54 million and was oversubscribed 250-fold by retail investors, sparked a wave of tech listings before the dot-com bubble burst on March 11 2000, leading regulators to tighten scrutiny of later high-demand offerings such as Elice Group’s AI-data-center IPO in South Korea amid growing global interest in artificial-intelligence infrastructure.

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Story summary

Elice Group’s shares fell about 30% in its Kosdaq debut.
The IPO raised 201.1 billion won ($150 million) at 90,500 won per share.
Retail investors subscribed roughly 400 times and institutions about 389 times.
CEO Jae Won Kim said proceeds will fund portable modular AI data centers in South Korea and abroad.
Analysts warned AI-infrastructure investor appetite has weakened after setbacks at Firmus, CoreWeave and AirTrunk.

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