On the first day of its listing in Korea, the Korean data center company Elice's stock price decline widened, and at one point it plummeted 32%. Elice Group, a Korean AI cloud infrastructure and data center company, was officially listed on the KOSDAQ market in Korea on October 20, 2026. Earlier, its counterpart Firmus cancelled this month's high-profile listing plan, a move that will undoubtedly test the nerves of AI investors. According to data, the Seoul-based cloud service provider plans to raise 2010 billion won through an IPO, which will be the exchange's largest IPO since this year. Elice set its issue price at 90,500 won per share — at the upper end of the previously announced pricing range — and the total market value after listing will exceed 1 trillion won.

On the first day of its listing in Korea, the Korean data center company Elice's stock price decline widened, and at one point it plummeted 32%. Elice Group, a Korean AI cloud infrastructure and data center company, was officially listed on the KOSDAQ market in Korea on October 20, 2026. Earlier, its counterpart Firmus cancelled this month's high-profile listing plan, a move that will undoubtedly test the nerves of AI investors. According to data, the Seoul-based cloud service provider plans to raise 2010 billion won through an IPO, which will be the exchange's largest IPO since this year. Elice set its issue price at 90,500 won per share — at the upper end of the previously announced pricing range — and the total market value after listing will exceed 1 trillion won.