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Report: SpaceX Underwriter Mirae Asset Securities Fails to Receive Share Allocation Due to Communication Error
2026-06-30 15:18:35 South Korea's Mirae Asset Securities, one of the 23 underwriters for the massive IPO of Space Exploration Technologies Corp. (SPCX.US), failed to receive any share allocation mainly due to a communication error between the two parties regarding the submission procedures for SpaceX's subscription applications, Bloomberg, citing sources, reported. The incident ultimately led Mirae Asset Securities to issue a public apology to all clients and triggered a full investigation by local regulators. Mirae Asset Securities mistakenly treated investors' "indications of interest" collected from investors as legally binding "confirmed orders", resulting in South Korean investor orders worth more than USD1.1 billion ultimately not being entered into SpaceX's IPO order book, report said. ~ AASTOCKS Financial News Website: www.aastocks.com | |