Elice falls 28% on KOSDAQ debut after $150M IPO

Elice Group closed 28% down on its Oct. 20, 2026 KOSDAQ debut, Reuters reports. The South Korean data-centre firm had raised 201.1 billion won ($150 million) in its first public share sale. Shares opened 16% below that price, then slid. I'm cautious: a weak first day often reflects a high sale price, not a weak business.