Elice, EdTech-turned-AI-infra, completes year's largest tech IPO on KOSDAQ with wild 30% swings
ctjlewis · x · 2026-10-23
Elice started as a coding-education EdTech company and is now a profitable AI infrastructure firm that just completed the largest tech IPO of the year on KOSDAQ, pricing at the top of its range before swinging down and back up 30% in two days. Investor honam doubts a billion-dollar EV IPO could happen in the US today and argues the traditional VC model still works without decacorn outcomes if ownership is meaningful and fund sizes modest — an industry he says has drifted from deep, early founder relationships.
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