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Korean Retail Investors Hit Hard as Elice Plunges 32% in IPO Debut

Original: Korean Retail Investors Hammered as Elice Plunges 32% in Record IPO Debut

Elice, a South Korean coding education company, made its stock market debut with a record-sized IPO, only to see shares plunge 32%, inflicting heavy losses on the retail investors who dominate Korea's small-cap trading. The sharp reversal has drawn attention to the risks of crowded retail-driven listings, with commentary focusing on how heavily individual investors had bet on the debut and the broader cooling of appetite for new Korean offerings.

Why now: The steep first-day drop in a heavily subscribed, record IPO is hitting Korean retail investors directly, making it a talking point about IPO risk.

EliceSouth KoreaKorean retail investors

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