Korea Data Center IPO to Test AI Investor Resolve After Tumult

Elice Inc., a Seoul-based data-center infrastructure and “neocloud” services provider, is set to debut on South Korea’s Kosdaq on Tuesday with plans to raise 201 billion won (about $151 million). The listing will be closely watched by AI-focused investors after another company, Firmus, canceled its high-profile share debut earlier this month. Elice’s move comes at a sensitive moment for the local tech market, where sentiment can swing quickly when deals fail to price or proceed as expected. The offering and its debut timing may serve as a test of whether investors are willing to back AI and data infrastructure plays again.