Report
Elice shares reportedly fall as much as 32% in early Kosdaq trading
Before Elice's South Korean trading debut, its retail offering was oversubscribed more than 400 times, Bloomberg reported.
TLDR
Bloomberg reports that Elice raised 201 billion won in the Kosdaq's biggest IPO of 2026, pricing shares at the top of its marketed range. Retail demand was strong, but shares fell as much as 32% in early trading Oct. 20. That decline is an intraday figure, not a closing loss. CEO Jae Won Kim plans to use the proceeds to build more AI data centers.
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