Elice, a South Korean cloud services provider, saw its shares drop 32% on its debut on the Seoul exchange despite being 389 times oversubscribed. The company raised $150 million in its IPO, but investor enthusiasm quickly cooled, reflecting broader challenges in the AI and data-center sectors. This follows a trend of recent IPO cancellations and postponements in the industry, signaling waning momentum for AI-related investments.
The South Korean IPO flop of Elice is the latest in a series of disappointments for the global AI trade. For readers following the Technology sector, here is Pluang's market snapshot as of Oct 20, 2026 15:51 WIB: out of 150 priced US Technology stocks, 48 rose and 93 fell. Notable movers include AEHR at USD 61.80 with a 1-day change of -2.42% and Pluang order activity of 15% Sell / 85% Buy, MU at USD 884.49 with a 1-day change of -2.26%, and ARM at USD 223.57 with a 1-day change of -1.96%.
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VINCI's subsidiary Cobra IS secured a €165 million contract to build the cooling system for a massive data center campus in the Iberian Peninsula. The project includes installing mechanical, electrical, and plumbing equipment for 126 air cooling unit...
VINCI's subsidiary Cobra IS secured a €165 million contract to construct a cooling plant for a major data center campus in the Iberian Peninsula. The project involves installing mechanical, electrical, and plumbing systems for 126 dry coolers, which ...
