Business · Companies · 2 hrs ago
Elice shares fall 32% in South Korea trading debut
Seoul-based data-center firm Elice went public in South Korea and its shares fell sharply on their first day of trading.
The company provides neocloud services, a type of cloud computing.
Elice raised 201 billion won, or $151 million, in its initial public offering.
The offering was the biggest on Kosdaq, South Korea’s growth-focused stock market, this year.
Its shares fell 32% in the debut.
That drop means the stock traded well below its offering price on its first day.
The available information does not say what caused the decline or what Elice plans to do next.
Elice shares fell 32% on their Kosdaq trading debut.
The Seoul-based neocloud service provider raised 201 billion won, or $151 million, in its initial public offering.
The offering was the Kosdaq’s biggest IPO this year.
The sources do not state why the shares fell.
- Who
- Elice, a Seoul-based neocloud service provider.
- What
- Its shares fell 32% on their Kosdaq debut after an IPO that raised 201 billion won ($151 million).
- When
- October 20, 2026, according to the Japan Times report.
- Where
- The Kosdaq in South Korea.
- Why
- Not stated
This story does not have two clearly opposing sides.
Elice raised 201 billion won ($151 million) in an offering described as the Kosdaq’s biggest this year.
Elice shares fell 32% on their Kosdaq trading debut.
- Share-price move
- Fell 32% on debut
- IPO proceeds
- 201 billion won ($151 million)
- Exchange
- Kosdaq
- Company base
- Seoul
- IPO ranking
- Kosdaq’s biggest IPO of the year