Korean AI Cloud Firm Elice Sinks 30%+ in KOSDAQ’s Biggest IPO of 2026

Crypto Insight Summary: Elice Group raised 201 billion won ($151 million) in the KOSDAQ’s biggest initial public offering (IPO) this year. Its shares then sank over 30% below the IPO price on Tuesday, their first day of trading. The slide came weeks before Anthropic, the company behind the Claude AI models, plans to go public in November. Korean Crypto Insight Analysis: Direction: Bearish AI / Neutral Crypto Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: AI IPO failure may dampen AI-related crypto sentiment but limited to sentiment spillover.