Elice falls 28% on first day after $150 million stock sale

Elice Group finished down 28% on its first day on South Korea's KOSDAQ stock market on Oct. 20, 2026, Reuters reports. The South Korean firm, which stores computer data, raised $150 million (201.1 billion won) selling shares. Shares started 16% below the asking price and dropped further. I'm cautious: a bad first day often means the asking price was high.