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AI education and talent company Elice saw its shares fall 32% on its first day of trading on the KOSDAQ, a steep debut decline for one of Korea's closely watched AI sector listings.
Elice, a Korean company operating AI education and coding training platforms, listed on the KOSDAQ and finished its opening session down 32% from its offering price. The drop marked one of the weaker market debuts among recent Korean AI-related listings.
The decline came despite investor attention on the AI education sector, where demand for developer training and AI upskilling programs has grown alongside corporate adoption of AI technologies.
Elice had been viewed as a representative AI-focused listing on the KOSDAQ, a market that hosts many of Korea's technology and small-cap growth companies. The first-day performance suggests investor caution toward valuations in the AI education space at the time of the listing.
The company has yet to comment publicly on the debut decline beyond its listing disclosures.
The claim that Elice fell 32% on its KOSDAQ debut is True.