All shares that were to be allocated to Mirae Asset Securities in SpaceX's initial public offering (IPO) have been canceled. As a result, all domestic subscriptions from investors have been rendered void.
According to Yonhap News on June 13, SpaceX had planned to allocate 2,314,815 Class A common shares to Mirae Asset Securities in this IPO. However, the lead underwriter, Goldman Sachs, did not assign any shares to Mirae Asset after readjusting the final allocation due to unexpectedly high demand following the Nasdaq listing.
Mirae Asset Securities refunded all subscription deposits to individual and institutional investors who participated in the SpaceX IPO by early morning on June 13. The subscription period had ended on June 10.
Previously, Mirae Asset Securities conducted a subscription for a total of $500 million in shares over two rounds. Despite the significant target amount, the shares sold out within minutes due to strong investor interest. However, the cancellation of the final allocation led to the voiding of all subscriptions.
A representative from Mirae Asset Securities stated, "The actual allocation of shares to each underwriter is determined at the final discretion of the lead underwriter. We sincerely apologize for the inconvenience caused to our customers due to the absence of allocated shares in the final distribution process."
The representative added, "We apologize once again to our customers who were waiting for the subscription results and will continue to strive for investor protection and the provision of stable services."
Meanwhile, SpaceX successfully debuted on the Nasdaq, closing at $161.11, a 19.34% increase from its offering price.
* This article has been translated by AI.
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