Daily Market Updates: South Korea’s Elice shares jump 30% after weak IPO debut, offering relief to retail investors

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South Korea’s Elice shares jump 30% after weak IPO debut, offering relief to retail investors

Reported · Written up by our desk · North America

Elice shares rebounded 30% on October 21 after plunging as much as 32% during their weak Kosdaq debut. The South Korean data centre firm raised about $150 million in an IPO heavily oversubscribed by retail investors, amid broader concerns over AI spending and higher interest rates.

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LiveMint MarketsSouth Korea’s Elice shares jump 30% after weak IPO debut, offering relief to retail investors

Global Markets

South Korea’s Elice shares jump 30% after weak IPO debut, offering relief to retail investors

More like this

Sources

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