Global Market: South Korea’s Elice shares plunge 28% in market debut as data centre stocks shunned

October 20, 2026

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 to spend most of its IPO proceeds on launching portable modular data centres and related infrastructure.

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Jio IPO’s GMP rises to 22% as India’s largest ever issue set to open on October 21. Should you subscribe?

The IPO is priced at Rs 1,065-1,119 per share and will open on October 21, closing on October 23. At the upper end of the

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Korea’s KOSPI crashes another 5% as AI rout deepens; AI bellwether down over 40% from peak

Chip heavyweight SK Hynix Inc. headed for its lowest close since April. Data-center infrastructure company Elice Inc. plunged as much as 32% in its trading

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