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[South Korean data center company Elice’s IPO tomorrow will test the confidence of AI investors] October 19th, data center infrastructure company Elice Inc. will be listed on the Korea Venture Exchange (KOSDAQ) market, which is home to South Korean technology stocks, on Tuesday, after its peer Firmus canceled its high-profile listing plan this month. This move will undoubtedly test the nerves of artificial intelligence investors. Data shows that the Seoul-based cloud service provider plans to raise 201 billion won (approximately $151 million) through the IPO, which will be the exchange’s largest IPO this year. Elice has set its issuance price at 90,500 won per share - at the upper end of the previously announced pricing range - and its total market value after listing will exceed 1 trillion won.
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