Elice Shares Jump 30% Intraday, Recovering Most of 32% First-Day Drop

A 30% intraday bounce that claws back most of a debut-day rout says more about thin post-IPO liquidity than about fundamentals — with no disclosed catalyst, the move reads as positioning and short-covering rather than a re-rating. For a newly listed data-center infrastructure name, that volatility cuts both ways: it affects early holders and anyone using the stock as a proxy for Korean AI-infrastructure demand. The open question is whether the stock settles into a stable range or keeps swinging on flow, and whether the company provides any disclosure that explains the reversal.