Korea's Elice Plunges 32% in Kosdaq Debut Despite 400x Retail Oversubscription on $151M Offering
Summary
South Korean AI data-center firm Elice fell as much as 32% to 61,400 won in its Kosdaq debut Tuesday after retail subscribers oversubscribed the 201 billion won ($151M) offering by more than 400x. The flop lands amid broader AI-infrastructure IPO jitters following the Nscale valuation pushback and the eight-day semiconductor rout.
Originally reported by bloomberg.com
Read the original article →Original headline: Korea's Elice Plunges 32% in Kosdaq Debut Despite 400x Retail Oversubscription on $151M Offering