Analysts see room for more gains in the stock on expectations of a tariff hike, higher average revenue per user (ARPU) – a measure of earnings generated from each user – and lower capex.
Global Market: South Korea’s Elice shares plunge 28% in market debut as data centre stocks shunned
Elice, which raised 201.1 billion won ($150 million) in its IPO, provides AI cloud services as well as AI-based education and business software and plans