Neocloud Elice plunges 32% in Korea debut as AI IPO froth shows crack signs
SumitGup · x · 2026-10-20
Korean data center / neocloud firm Elice plunged as much as 32% in its market debut. The poster cites early/mid-2000s history: a wave of busted, delayed or cancelled IPOs was the topping signal back then — a sign capital is becoming scarce, "and when capital becomes scarce, your boom goes bust."
The neocloud IPO pipeline remains hot — Nscale is next — but a 32% first-day drop amid the hype is a notable warning sign for the AI compute trade.
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