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

According to Bloomberg, South Korean data center infrastructure and neocloud service provider Elice Inc. will list on the tech-focused KOSDAQ market on Tuesday. The IPO aims to raise 201 billion won (approximately $151 million), making it the largest offering of the year on the exchange. Elice's issue price is set at 90,500 won per share, at the upper end of the pricing range, with a post-listing market cap expected to exceed 1 trillion won.