Elice Shares Fall as Much as 32.6% in KOSDAQ Trading Debut
Photo: TokenPost
Elice shares dropped as much as 32.6% in trading that began Monday night ET, a sharp debut for KOSDAQ’s largest IPO of 2026 despite retail demand exceeding the available shares about 408 times. By 10:10 p.m. ET Monday (02:10 UTC Tuesday), the South Korean AI cloud company’s shares were 26.85% below their IPO price. They had opened 16.35% below that price. The offering raised about $151 million after Elice set the price at the top of its proposed range. Institutional demand was nearly 389 times the shares available to those investors.
Source: TokenPost
