logo
About Contact

South Korean Data Centre IPOs Spark Investor Concerns as Elice's Shares Struggle

Technology News

South Korean Data Centre IPOs Spark Investor Concerns as Elice's Shares Struggle

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

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

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.

South Korean cloud provider Elice goes public on Kosdaq

Data Centre Dynamics

South Korean cloud provider Elice goes public on Kosdaq

Company raises $150 million, but share price drops sharply overnight

AI Debutant’s Flameout Stokes Fears the Boom Is Ending

Bloomberg

AI Debutant’s Flameout Stokes Fears the Boom Is Ending

Scarcely known outside its home market until this week, Elice Inc. on Tuesday found itself at the heart of a roiling debate about AI valuations and whether companies will be able to deliver on them.

Coverage dates

First reported:

First saved on ClustZ:

Coverage updated:

We use cookies to improve your experience and analyze site traffic. By clicking "Accept", you agree to our use of cookies. See our Privacy Policy.