Korean AI data center firm Elice falls 32% on debut despite 400x oversubscription
ccerrato147 · x · 2026-10-25
Korean retail investors piled into AI data center company Elice with a 400x oversubscribed retail book — yet the stock fell 32% on day one, the worst Korean debut on record for an IPO that size, per Bloomberg. The accompanying illustration shows Demand towering above while Debt cracks the statue. The author's thesis: the AI boom isn't cracking at the top, it's cracking in the middle.
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