📰 ET Markets 🔴 BEARISH 🕒 20 Oct 2026, 08:53 AM IST

Global Market: South Korea's Elice shares plunge 28% in market debut as data centre stocks shunned

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Core Development: Global Market: South Korea's Elice shares plunge 28% in market debut as data centre stocks shunned

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Market & Financial Impact: Elice, which raised 201.1 billion won ($150 million) in its IPO, provides AI cloud services as well as AI-based education and business software and plans to spend most of its IPO proceeds on launching portable modular data centres and related infrastructure.

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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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Global Market: South Korea's Elice shares plunge 28% in market debut as data centre stocks shunned

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