
South Korean IPO plunge deepens AI market jitters as brent tops $111
Elice’s debut slump added to concerns over AI infrastructure valuations, while rising oil prices compounded market uncertainty. South Korean data centre company Elice’s (0158S0) stock market debut added to nervousness surrounding artificial intelligence investments on Tuesday, as investors further questioned whether spending on infrastructure will deliver sufficient returns. The Seoul-based neocloud provider closed at 60,500 won ($45.57), down over 30% from its 90,500 won offer price. The IPO raised $151.






