Korea Data Center IPO to Test AI Investor Resolve

What happened: Elice Inc., a South Korean data-center infrastructure company, is set to debut on the Kosdaq on Tuesday after pricing its IPO at the top of its range. Key numbers: Raised 201 billion won ($151 million), the bourse's biggest IPO this year. Shares priced at 90,500 won each, implying a market capitalization above 1 trillion won. Why it matters: The listing tests AI investor appetite after peer Firmus Grid pulled its planned IPO, amid worries about borrowing costs, competition and returns on AI spending. Coreweave shares have more than halved since their May peak. Coverage: 4 outlets in 24h

Elice Inc., a South Korean data-center infrastructure company, is set to debut on the Kosdaq on Tuesday after pricing its IPO at the top of its range.

The listing tests AI investor appetite after peer Firmus Grid pulled its planned IPO, amid worries about borrowing costs, competition and returns on AI spending. Coreweave shares have more than halved since their May peak.