Elice shares rebounded strongly on Wednesday, recovering most of the losses from their sharp decline on the first day of listing.

智通财经2026/10/21 01:36

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On Wednesday, shares of South Korean AI computing power service provider Elice Inc. surged sharply, recouping most of the losses suffered from a 32% plunge on its first day of listing.
Market sentiment improved, buoyed by a series of positive earnings reports from U.S. technology companies.
This “next-generation cloud service” company saw its share price on Seoul’s KOSDAQ board hit the 30% daily upper limit, reaching 79,900 KRW, though still below its IPO issue price of 90,500 KRW.
The Korea Composite Stock Price Index (KOSPI) rose as much as 3.8% in early trading, while the KOSDAQ index climbed 2.8%.
Elice was previously little known outside Korea, and its IPO aimed to capitalize on investor enthusiasm for AI; the record first-day drop reflected growing investor skepticism toward "next-generation cloud services".
The strong rebound in shares on Wednesday also highlighted the volatility in market sentiment.

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Elice shares rebounded strongly on Wednesday, recovering most of the losses from their sharp decline on the first day of listing.

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