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

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.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.