Elice Group

Elice Group (Ticker: 0158S0 KS) provides AI infrastructure and cloud services. Its AI cloud business offers infrastructure and platforms that help companies, public institutions, research organizations and educational institutions develop, train, deploy and operate AI models. Its offerings include modular data centers, a cloud infrastructure platform, a development environment, a data platform and a service for deploying machine-learning models through APIs. The company also offers Helpy Chat, a generative AI solution for organizations; Elice LXP, an education and practice platform; and Elice Test, a skills assessment solution available online and offline.

Elice Group expects to begin trading on Korea Exchange (KOSDAQ) on October 20, 2026. The offering was priced at KRW 90,500 per share; the indicative range was KRW 70,400–90,500. The base offering comprises 2,222,000 newly issued shares, with no secondary shares indicated. At the final offer price, the base offering represents KRW 201.09 billion in gross proceeds, equivalent to approximately $151.21 million at current exchange rates.

Founded in 2015, Elice Group reported first-half 2026 consolidated revenue of KRW 34.40 billion and operating profit of KRW 10.30 billion. It plans to use IPO proceeds to expand regional AI data centers and support international expansion. Mirae Asset Securities is lead manager, and Samsung Securities is joint lead manager.