South Korean AI Cloud Provider Elice Rallies Above IPO Price After Volatile Debut
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Elice, a South Korean modular AI data center provider, recovered above its IPO price on its third day of trading Thursday, signaling renewed investor confidence in AI infrastructure despite recent sector volatility. The company's shares surged to as high as 99,900 won (approximately $74 USD), above the 90,500-won pricing from its October 20 debut on KOSDAQ, after plummeting 32% on the opening day.
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