#ElicePlunges33%InKoreanIPODebut
๐ฐ๐ท Korea's AI Data-Centre IPO Crashes 33% on Day One
๐ Elice priced at 90,500 won, top of its range, then fell as much as 33% to 61,000 won on Kosdaq
๐
Opened at 75,700 won, already 16% under the IPO price (Reuters)
๐ฅ Retail tranche was 408x subscribed, with about 10 trillion won in deposits
๐ฐ Raised 201.1B won ($151M)
โ ๏ธ If it holds, it's the worst debut for a $100M+ Korean IPO (Bloomberg)
๐ CoreWeave is down more than half from its May peak; Firmus pulled its Sydney IPO
What it means for crypto: AI infrastructure is being repriced on borrowing costs and returns. With
$BTC near $82K and down ~0.9% in 24h, risk appetite looks selective rather than broken, but AI-themed tokens can feel the same mood shift.
Is the AI trade cooling, or just getting pickier? ๐
$BTC $ETH #CryptoNews #ElicePlunges33%InKoreanIPODebut
#AIStocks #KoreaMarkets