Korean AI data center company Elice falls more than 30% below IPO price on first day of trading
MSTR Strategy Inc
$142.72 +4.93%
View chart & analysis → - 1Korean data center company Elice closed at 60,500 won on its first day of trading, down more than 30% from its IPO price of 90,500 won
- 2The company raised 151 million dollars through the IPO and had a valuation of approximately 755 million dollars, with the general subscription competition rate exceeding 400 to 1
- 3Doubts have grown over whether AI infrastructure investments will yield sufficient profits, and CoreWeave (CRWV) fell an additional 3% in pre-market trading in the US
So what's the key point?
A Korean AI data center company fell more than 30% below its IPO price immediately after going public. Following this news, CoreWeave, which operates a similar business, also fell 3%.
Source CoinDesk +1 · View original ↗
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