Mirae Asset Securities' SpaceX IPO Allocation Fully Canceled

An unexpected situation occurred at Mirae Asset Securities regarding the SpaceX initial public offering (IPO) that took place overnight.

Mirae Asset Securities was set to be allocated approximately 2.315 million shares of Class A common stock as part of the underwriting syndicate.

However, the lead underwriter, Goldman Sachs, did not allocate any sellable shares to Mirae Asset Securities during the final allocation process.

It is reported that this was the result of a reallocation of shares following a surge in demand, primarily from institutional investors, immediately after the Nasdaq listing.

The underwriting volume stated in the U.S. Securities and Exchange Commission (SEC) filing refers to the underwriting ratio based on participation in the syndicate and may differ from the final volume actually available for sale to investors.

Mirae Asset Securities expressed its apologies for the inconvenience caused to its customers due to the loss of the allocated shares.

Consequently, Mirae Asset Securities processed full refunds early this morning for the subscription deposits received from domestic individual, corporate, and institutional investors who participated in the SpaceX IPO subscription.

The SpaceX subscription, which Mirae Asset Securities conducted recently in two rounds, totaled $500 million—a significant amount—and sold out within one to two minutes.

Meanwhile, SpaceX, listed on the Nasdaq, made a successful debut, closing at $161.11, up 19.34% from its offering price.

Through this IPO, SpaceX raised $75 billion, approximately 114 trillion Korean won, marking the largest scale in history.

Reported by Jo Gi-ho | Video by Na Hong-hee | Graphics by Lee Jung-ju | Produced by SBS Digital News
※ Please note: This article was translated by AI and may contain errors.