+29.92% today. still 11.7% below the IPO price
that's Elice, the KOSDAQ AI cloud name, on its second day of trading
day one closed at 61,500 won, down 32.04% from the 90,500-won IPO. today it hit the daily upper limit at 79,900
looks like a recovery. for anyone who got the IPO allocation, it's a smaller loss
two things I'd keep in mind:
🔸 68.7% of the institutional allocation had no lock-up, so the sellers haven't left
🔸 only 2 of 10 KOSDAQ newcomers from September-October held their IPO price at the October 20 close, so the whole market is punishing new listings
local press calls it bargain buying. translation: a discount, not a reason
crypto knows this one by heart. the limit-up after a dump gets the screenshots, the price you paid gets forgotten
#EliceReboundsToDailyLimit #KOSDAQ
that's Elice, the KOSDAQ AI cloud name, on its second day of trading
day one closed at 61,500 won, down 32.04% from the 90,500-won IPO. today it hit the daily upper limit at 79,900
looks like a recovery. for anyone who got the IPO allocation, it's a smaller loss
two things I'd keep in mind:
🔸 68.7% of the institutional allocation had no lock-up, so the sellers haven't left
🔸 only 2 of 10 KOSDAQ newcomers from September-October held their IPO price at the October 20 close, so the whole market is punishing new listings
local press calls it bargain buying. translation: a discount, not a reason
crypto knows this one by heart. the limit-up after a dump gets the screenshots, the price you paid gets forgotten
#EliceReboundsToDailyLimit #KOSDAQ