Mirae Asset Securities has officially apologized to individual and corporate investors in South Korea who participated in the subscription for SpaceX's initial public offering (IPO) and announced that it is considering financial compensation.
On June 16, financial industry sources reported that Kim Mi-seop and Heo Seon-ho, vice presidents of Mirae Asset Securities, communicated via 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 presidents expressed, "We deeply regret and apologize to customers who trusted Mirae Asset Securities for their subscription," and said, "We sincerely apologize once again for delivering disappointing news to those who participated in this subscription."
Mirae Asset Securities participated in the global underwriting syndicate for SpaceX's IPO, which listed on the U.S. stock market on June 12, but failed to secure any shares for domestic sales. The firm had initially planned to allocate the shares to domestic institutional investors and asset management companies. However, the lead underwriter, Goldman Sachs, reduced the allocation for South Korea to zero, leading to the cancellation of these plans. As a result, all subscription deposits from domestic professional investors were 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 the company is in the process of reviewing compensation options.
* This article has been translated by AI.
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