Mirae Asset Securities has officially apologized to domestic individual and corporate investors who participated in the SpaceX initial public offering (IPO) and stated that it is considering financial compensation.
On June 16, financial industry sources reported that Vice Chairmen Kim Mi-seop and Heo Seon-ho sent a text message to customers the previous day, stating, "We are investigating the circumstances surrounding this decision" and added, "We will promptly provide guidance on measures to restore customer trust, including financial compensation based on additional findings."
The vice chairmen expressed their deep regret, saying, "We cannot contain our feelings of sorrow and apology to customers who trusted Mirae Asset Securities and participated in the subscription. We sincerely apologize once again for delivering disappointing results to those who took part in this offering."
Mirae Asset Securities was part of the global underwriting syndicate for the SpaceX IPO, which listed on the U.S. stock market on June 12, but failed to secure any shares for domestic distribution. The firm had initially planned to allocate shares to domestic institutional investors and asset management companies, but the lead underwriter, Goldman Sachs, reduced the allocation for Korea entirely, leading to the cancellation of those plans. As a result, all subscription deposits from domestic professional investors have been fully refunded, and the Financial Supervisory Service is currently reviewing whether there were any issues in the process.
A representative from Mirae Asset Securities stated that they are in the process of reviewing compensation options.
* This article has been translated by AI.
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