A rough first session

Elice, a Korean AI company known for its education and coding-training platforms, listed on the exchange and closed its first trading day well below its offering price. The plunge came despite the company having been positioned as one of the notable AI-related IPOs on the Korean market this cycle.

The exact size of the day-one drop was not detailed in the available reporting, and the company's opening and closing prices on debut remain unconfirmed in the sources reviewed.

Foreign coverage of the debut

The sell-off attracted attention from international media, which highlighted the weak reception for a Korean AI name at a time of strong global investor interest in artificial intelligence. The coverage framed Elice's debut as an example of how Korean tech IPOs can struggle in early trading even when they carry an AI label.

Details of which specific foreign outlets carried the story, and how they characterized the company's outlook, were not included in the available material.

Elice's performance in the sessions following its debut, and any comment from the company on the drop, were not confirmed in the reporting reviewed. The claim that Elice slumped on its listing debut and drew foreign media attention is True.

Verdict: True