Neocloud Elice plunges 32% on Korea debut, then closes up 29.9%
zephyr_z9 · x · 2026-10-22
Korean data center firm Elice saw its shares plunge as much as 32% on its Korea stock market debut, before a dramatic intraday reversal to close at 79,900 won, up 29.92% from the IPO price.
The poster notes the IPO market for neoclouds is running hot, with European AI cloud firm Nscale's listing up next — a sign of continued investor appetite for AI compute assets.
Related event: Korean AI Firm Elice Plunges 32% on Debut Before Reversing to Close Up 30%(4 posts)→
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