Korean Stock & Equity Research

Global Markets/AI & Tech Finance

Elice Group's 32% collapse on its first day of trading was less a verdict on one company than a repricing of the whole "neocloud" model, after a week in which the market suddenly asked whether renting out borrowed GPUs can actually make money. The Seoul-based AI cloud firm priced its Kosdaq IPO at 90,500 won, closed its first day at 61,500 won, and then rebounded by the daily limit of nearly 30%..