AI infrastructure and cloud company Elice (KRX:0158S0) is set to debut on KOSDAQ, raising 201.1 billion won after the issuance of 2.22 million new shares at a final price of 90,500 won.
The IPO price was the top end of its indicative price band of 70,400 won to 90,500 won.
Mirae Asset Securities underwrote 80% or 1.78 million shares and Samsung Securities 20% or 444,400 shares, according to a filing on Oct. 13.
Subscription ran Oct. 7-8, and was oversubscribed, with retail investors submitting 289,054 subscriptions for 226.7 million shares, while institutions subscribed 2,352.
Final allocations gave institutions 1.67 million shares (75%) and retail investors 555,500 shares (25%), with retail divided equally between the equal-allocation and proportional methods, and 68.7% of institutional shares allocated without lock-up commitments.
Of the proceeds, 200.9 billion won will fund facilities, mainly AI PMDC infrastructure, while about 158 million won covers issuance expenses, excluding the lead underwriter's 22,220 mandatory acquisition shares.
Founded in 2015 as an AI education platform, Elice has expanded into full-stack AI infrastructure, providing modular AI data centers (AI PMDC), GPU cloud services, and AI transformation (AX) products.
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