# Retail Investors Oversubscribed AI IPO 400 Times

> Korean retail investors oversubscribed an AI IPO 400 times but it fell 32% on opening day.
- Title: Retail Investors Oversubscribed AI IPO 400 Times | Shortify
- Summary: Korean retail investors oversubscribed an AI IPO 400 times but it fell 32% on opening day. Korean retail investors oversubscribed Elice's AI infrastructure…
- Keywords: korean retail investors, elice, kosdaq, ai infrastructure, gpu data centers, ipo, stock price drop, Retail, Investors, Oversubscribed, 400, Times
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/10/20/retail-investors-oversubscribed-this-ai-ipo-400-times-it-fell-32-anyway
- Author: Omor Ibne Ehsan
- Published: 2026-10-20T16:15:42+00:00
- Read time: 1 min
- Topics: korean retail investors, elice, kosdaq, ai infrastructure, gpu data centers, ipo, stock price drop
## Retail Demand for Elice IPO
Korean retail investors placed 10.3 trillion won in subscription deposits for Elice's Kosdaq IPO.
## 400 Times Oversubscribed
The retail tranche was oversubscribed more than 400 times.
## Stock Fell 32% on Debut
The stock dropped 32% to an intraday low of 61,400 won on opening day.
## IPO Priced at 90,500 Won
Elice's IPO priced at 90,500 won, the top of its marketed range.
## Elice's Business Model
Elice is a neocloud company that rents GPU computing capacity and sells AI-cluster software.
## CoreWeave and Nebius Impact
CoreWeave fell 0.44% to $61.12 while Nebius rose 2.88% to $170.24.
## Why the Drop Happened
Elice's debut came as AI infrastructure sentiment weakened, with pricing at the top of range leaving little margin.
## Key takeaway

Korean retail investors oversubscribed Elice's AI infrastructure IPO 400 times, but the stock dropped 32% on debut.