[DEVELOPING] Korean AI-infrastructure firm Elice falls ~30% on Kosdaq debut; SK hynix down about 4% the same session
Elice Group priced its roughly $151M IPO at the top of its range at 90,500 won but opened about 16% lower on Oct 20 and traded around 30% below the offer price. Reuters described it as the worst Korean debut on record for an IPO raising more than $100M. Coverage tied the move to wider worries about AI-infrastructure demand and debt. Reported figures for SK hynix's decline that session range from about 4% to 4.6%. Whether Korean AI-infrastructure listings and memory names stabilize alongside US neocloud credit is the next thing to see.