Elice Inc., a South Korean AI compute-service provider, rose to the 30%
single-day limit at 79,900 won on Wednesday in its second trading day on KOSDAQ,
much recovering of a 32% first-day plunge but remaining below its 90,500 won IPO
price. US tech earnings improved sentiment; KOSPI climbed as much as 3.8%
intraday and KOSDAQ gained 2.8%. Elice, little known outside Korea, had pitched
its IPO to tap AI investor demand; the record first-day decline reflected
growing skepticism about its "next-generation cloud service," and Wednesday’s
underscore rebounds volatile sentiment.
