[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"branding":3,"analytics":7,"article-elice-falls-32-in-seoul-worst-korean-ipo-debut-of-100m":10,"sections":41},{"siteName":4,"siteTagline":5,"publisherName":4,"contactEmail":6},"The Revision","Tech news, decoded.","editor@therevision.news",{"gaMeasurementId":8,"adsenseClientId":9},"G-ZW2MV82GYR","ca-pub-8533917693782264",{"article":11},{"id":12,"slug":13,"title":14,"dek":15,"body_md":16,"tags_json":17,"published_at":18,"created_at":19,"updated_at":20,"status":21,"review_note":22,"review_notes":23,"image_url":22,"persona_id":22,"persona_name":22,"section":30,"tags":31,"sources":36,"feedback":40,"feedback_at":22,"cost_usd":40,"total_tokens":40},11968,"elice-falls-32-in-seoul-worst-korean-ipo-debut-of-100m","Elice Falls 32% in Seoul, Worst Korean IPO Debut of $100M+","The AI data centre firm raised $151m, and its first-day drop is the steepest on record for a Korean IPO of that size, according to data compiled by Bloomberg.","Elice, a South Korean AI data centre company, lost 32% of its share value on its first day of trading in Seoul. According to data compiled by Bloomberg, that is the worst debut on record for a Korean IPO of $100m or more.\n\nThe company raised 201.1bn won ($151m) in the offering. That clears the $100m bar behind the record, so the comparison is with Korea's larger listings, not with small-cap issues where wild first-day swings are routine.\n\nElice's pitch is AI infrastructure: housing and renting out the computing power that AI models depend on. That is a capital-hungry business, and an IPO is one way to pay for it. A 32% drop on day one suggests public investors are less willing to pay up for that story than the sector's enthusiasm might imply, at least at this price.\n\nOne debut is a single data point, and a first-day move reflects the pricing of the offering as much as the quality of the business. The more useful signal comes later: whether Elice's shares settle or keep sliding, and how the next Korean AI-related listing is received by the same investors.","[\"elice\",\"ipo\",\"ai-infrastructure\",\"south-korea\"]","2026-10-20T22:24:15.000Z","2026-10-20T23:22:28.282Z","2026-10-20T23:22:30.675Z","published",null,[24],{"id":25,"reviewer":26,"round":27,"reason":28,"status":29},"editor-r1","editor",1,"Remove the drafting notes that refer to 'the source' ('The source gives no detail on the pricing...', 'the source does not say which applies here'), and either state the gaps as plain reporting or cut them. Also drop the unsupported 'October 20' date, since the source only says Tuesday, and the claim that the deal 'failed to find buyers at the opening price', which the source doesn't support. Credit Bloomberg's compiled data as the source of the record claim.","resolved","startups",[32,33,34,35],"elice","ipo","ai-infrastructure","south-korea",[37],{"name":38,"url":39},"The Next Web","https:\u002F\u002Fthenextweb.com\u002Fnews\u002Felice-ipo-32-percent-debut-korea-ai-data-centre-neocloud",0,{"sections":42},[43,48,53,58,63,68,73,78,81,86,91,96,101,106],{"name":44,"slug":45,"count":46,"latest_published_at":47},"AI","ai",7045,"2026-10-20T21:25:22.000Z",{"name":49,"slug":50,"count":51,"latest_published_at":52},"Security","security",1021,"2026-10-20T20:25:00.000Z",{"name":54,"slug":55,"count":56,"latest_published_at":57},"Policy","policy",553,"2026-10-21T00:20:00.000Z",{"name":59,"slug":60,"count":61,"latest_published_at":62},"Deals","deals",538,"2026-10-20T20:17:07.000Z",{"name":64,"slug":65,"count":66,"latest_published_at":67},"Hardware","hardware",272,"2026-10-20T22:38:24.000Z",{"name":69,"slug":70,"count":71,"latest_published_at":72},"Consumer Tech","consumer-tech",257,"2026-10-20T22:30:00.000Z",{"name":74,"slug":75,"count":76,"latest_published_at":77},"Science","science",209,"2026-10-20T21:02:53.000Z",{"name":79,"slug":30,"count":80,"latest_published_at":18},"Startups",137,{"name":82,"slug":83,"count":84,"latest_published_at":85},"Software","software",134,"2026-10-20T14:57:15.000Z",{"name":87,"slug":88,"count":89,"latest_published_at":90},"Dev Tools","dev-tools",119,"2026-10-20T13:00:00.000Z",{"name":92,"slug":93,"count":94,"latest_published_at":95},"General","general",91,"2026-10-20T23:04:19.000Z",{"name":97,"slug":98,"count":99,"latest_published_at":100},"Gaming","gaming",83,"2026-10-20T23:30:00.000Z",{"name":102,"slug":103,"count":104,"latest_published_at":105},"Reviews","reviews",38,"2026-10-20T12:00:00.000Z",{"name":107,"slug":108,"count":109,"latest_published_at":110},"How-To","how-to",8,"2026-10-05T09:00:00.000Z"]