South Korean data center company Elice will list on KOSDAQ on Tuesday, marking the year's largest IPO.

On October 19 that, according to Bloomberg, South Korean data center infrastructure and neocloud service provider Elice Inc. will list on Tuesday on the Kosdaq market, which primarily focuses on tech stocks. The IPO plans to raise 201 billion won (approximately $151 million), marking the largest IPO for the exchange this year. Elice's offer price is set at 90,500 won per share, at the upper end of the inquiry range, with its post-listing market capitalization expected to exceed 1 trillion won.