South Korean IPO flop marks latest disappointment for global AI trade
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Compiled by KHAO Editorial
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Seoul-based Elice raised 201 billion won in a heavily oversubscribed listing, then watched its shares close about 32% lower on day one.
Key facts
The Seoul-based AI cloud services provider raised 201 billion won (approximately $151 million) in its October 20, 2026 debut
Seoul-based Elice raised 201 billion won in a heavily oversubscribed listing, then watched its shares close about 32% lower on day one
Elice Inc. pulled off the biggest Kosdaq listing of 2026 by proceeds
The stock recovered slightly but still closed about 32% below the IPO price
Summary
Elice Inc. pulled off the biggest Kosdaq listing of 2026 by proceeds. The Seoul-based AI cloud services provider raised 201 billion won (approximately $151 million) in its October 20, 2026 debut. Elice priced its shares at 90,500 won each. The stock recovered slightly but still closed about 32% below the IPO price.