Korean AI Cloud Firm Elice Sinks 30%+ in KOSDAQ’s Biggest IPO of 2026
Elice Group raised 201 billion won ($151 million) in the KOSDAQ’s biggest initial public offering (IPO) this year. Its shares then sank over 30% below the IPO price on Tuesday, their first day of trading. The slide came weeks before Anthropic, the company behind the Claude AI models, plans to go public in November. Korean The post Korean AI Cloud Firm Elice Sinks 30%+ in KOSDAQ’s Biggest IPO of 2026 appeared first on BeInCrypto.
Key Takeaways
- Elice Group raised 201 billion won ($151 million) in the KOSDAQ’s biggest initial public offering (IPO) this year.
- Its shares then sank over 30% below the IPO price on Tuesday, their first day of trading.
- The slide came weeks before Anthropic, the company behind the Claude AI models, plans to go public in November.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in AI x Crypto
Germany and NVIDIA Expand AI Partnership With a $10 Billion Commitment
German Chancellor Friedrich Merz and NVIDIA CEO Jensen Huang signed a joint declaration on industrial AI in Berlin. The move centers on applying AI to factories and physical industry. The deal could place Germany at the center of Europe’s industrial AI push.…
Goldman Names 23 Defensive Stocks for Investors Worried About the AI Trade
Goldman Sachs is steering investors worried about the artificial intelligence (AI) trade toward health care and consumer staples stocks. Goldman’s call comes less than a week after RBC Capital Markets cut tech to market weight. On October 14, RBC recommended…
SkyAI Sells Its Solana Holdings And Launches $201 Million Buyback Offer
TL;DR: SkyAI says it has sold all its SOL and started a cash tender offer that could cost roughly $201.3 million if fully subscribed. SkyAI’s experiment as a Solana treasury company has taken a dramatic turn. Rather than simply holding through market…