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South Korea's Data Center to Go Public Tomorrow, Testing AI Investors' Confidence
15 hour ago /
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Author：小编
On October 19, data center infrastructure company Elice Inc. is set to go public on the Korea Exchange's KOSDAQ market on Tuesday. This move by Elice comes after its peer Firmus canceled its highly anticipated listing plan this month, and is expected to draw the attention of artificial intelligence investors. It is reported that the Seoul-based cloud service provider plans to raise KRW 201 billion (approximately USD 151 million) through its IPO, which will be the largest IPO on the exchange so far this year. Elice has set its offering price at KRW 90,500 per share, the upper limit of the pricing range, and its total market capitalization after listing is expected to exceed KRW 1 trillion.
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