Elice shares fall 32% as South Korean data center firm makes market debut

First reported by Bloomberg at · Updated · 6 sources

The company raised $150 million in its Kosdaq listing, according to Data Center Dynamics. The Wall Street Journal reported that shares fell as much as 36% during afternoon trading, while Bloomberg said the debut followed peer Firmus canceling its planned listing this month, providing another test of investor appetite for AI infrastructure.

Covered by 6 publishers within 39 hours of the first report.

Reporting6

Bloomberg Korea Data Center IPO to Test AI Investor Resolve After Tumult · Yoolim Lee
Financial Times South Korean data centre builder tumbles 32% on trading debut
Wall Street Journal Elice Slides in Korea Debut Amid Caution Toward AI Stocks · Kwanwoo Jun
Quartz Elice stock plunged 32% in Seoul debut, and CoreWeave stock is falling in premarket trading · Cris Tolomia
Data Center Dynamics South Korean cloud provider Elice goes public on Kosdaq
The Next Web Korean AI data centre firm Elice sinks 32% in a record-worst IPO debut · Cristian Dina

Related

Digital Realty tops out second data center in Seoul, South Korea
DayOne IPO: Data center firm targets 2.3GW capacity by 2028
Why Data Centers Have Become Military Targets
We’re Already Building Data Centers In Space

Topics Data centers