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South Korean Data Centre IPO Disappoints, Impacting AI Market Confidence

Technology News

South Korean Data Centre IPO Disappoints, Impacting AI Market Confidence

AI Neocloud Elice’s CEO Sees Sales Doubling After Shares Rebound

Bloomberg

AI Neocloud Elice’s CEO Sees Sales Doubling After Shares Rebound

South Korea’s Elice Inc. is on track to at least double revenue this year, its chief said as the AI infrastructure company’s shares rebounded from a brutal trading debut.

Silicon UK

Shares Of South Korean Data Centre Firm Plummet On Debut

South Korea's Elice sees shares drop nearly one-third on their first day of trading, as higher borrowing costs dent AI enthusiasm

Nasdaq falls as Elice IPO flop rattles AI stocks

Capital Brief

Nasdaq falls as Elice IPO flop rattles AI stocks

US stocks opened lower after data centre company Elice plunged in its debut in Korea, halting a brief recovery for AI-related companies.

Data centre builder tumbles on trading debut

Financial Times

Data centre builder tumbles on trading debut

Elice shares sink more than 30% in Seoul, adding to rising concern about AI valuations

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