DEPLOYDatabase

Company

Elice Group

Elice Group is a South Korean AI infrastructure company that offers AI cloud (GPU cloud) services alongside AI-based education and business software.

Status
Public

Overview

Elice Group is a South Korean AI infrastructure company that offers AI cloud (GPU cloud) services alongside AI-based education and business software. It listed on KOSDAQ in October 2026.

Reality check

H1 2026 results (company-claimed)

Revenue tripled to 34B won and operating profit reached 10B won, versus a 3.5B won loss a year earlier.

Verified record

Verified deployments
None on file
Active incidents
None on file

Key facts

KOSDAQ debut (reported, Oct 2026)

Listed Oct 20 2026 after selling 2.22M new shares at 90,500 won, the top of its range, raising 201.1B won; shares opened 16% lower and fell about 30% on day one.

IPO demand (reported)

Institutional orders were 388.84 times the shares on offer; pricing was set Oct 6, before an AI stock selloff.

IPO use of proceeds (company-stated)

Most proceeds are earmarked for portable modular data centers and related infrastructure.

Data & sources

News coverage

1

Web sources

2

3 sources backing this record.View all →

Safety record

No incidents on record for Elice Group.

Only active incidents are counted. Retracted incidents are excluded from this summary but remain reachable at their canonical URLs.

Full safety record: incidents, sourcing, and exposure data →