Elice Group plunges up to 38% in Korean stock market debut, weighing on Kospi
FROM THE WIRE · UK.FINANCE.YAHOO.COM
A data centre provider has plunged more than 30pc on its stock market debut, fuelling fears of an AI slowdown. South Korea's Elice Group, which provides data centre capacity to thousands of tech customers, suffered the shares flop when it started trading on the country's…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe IPO slump fuels fears of an AI slowdown, and the Kospi closed down 4.2%.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Elice shares fell as much as 38% and closed at 63,600 won versus a 90,500 won float price.
- 02The Kospi closed down 4.2% overnight.
- 03The Firmus float in Australia was scrapped last week after investors balked at its valuation.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets