Elice Group shares drop 30 percent in market debut
Shares of South Korean AI services firm Elice Group fell 30 percent during their market debut. Investors are increasingly questioning whether massive AI spending will pay off amid high borrowing costs. Several other data centre firms have recently shelved or postponed their planned IPOs.
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South Korea AI provider Elice Group plummeted 30% in its market debut on Tuesday, raising 201.1 billion won ($150 million). The drop reflects a broader investor retreat from AI infrastructure and data centre listings. The selloff threatens regional tech valuations as funding for compute commitments tightens.
