Financial Authorities Warn Mirae Asset Over Repeated Reports on "SpaceX" IPO Allocation to Domestic Investors

It has been reported that the financial authorities have delivered a warning message to Mirae Asset Securities, which is considering allocating SpaceX IPO shares to domestic investors, urging the company to refrain from spreading related information.

According to the financial investment industry on April 16, the financial authorities recently communicated their stance to Mirae Asset Securities regarding the matter.

The authorities plan to conduct a legal review to determine whether it is possible to simultaneously offer SpaceX shares to the public both in the United States and Korea under current regulations, as the public offering procedures and systems in both countries are different.

In Korea, if a public subscription is held for general investors, a securities registration statement must be submitted to the financial authorities, and the prescribed subscription procedures must be followed. These requirements present not insignificant scheduling constraints.

Especially with SpaceX’s listing expected in June, some experts note that, considering the time needed for legal review, submission of the securities registration statement, and the statement’s effective date, it is difficult to definitively state whether the process can actually proceed.

Nevertheless, recent media reports about Mirae Asset Securities’ efforts to pursue the domestic IPO allocation of SpaceX shares have led to excessively heightened investor expectations, which is interpreted as the reason why the authorities preemptively delivered their message.

Meanwhile, Mirae Asset Securities is included as one of about 20 global investment banks participating in the SpaceX IPO. The scale of this IPO is expected to reach up to $75 billion (approximately KRW 112.7 trillion), which would far exceed the previous record of about $29.4 billion set by the Saudi Aramco IPO in 2019, making it likely to become the largest IPO in history.

This content was produced with the assistance of AI translation services.