Mirae Asset Securities was allocated 2,314,815 shares of SpaceX's initial public offering, which lists on the Nasdaq in the United States tonight. Given the offering price of $135 per share, it secured shares worth $312.5 million (about 476 billion won).
According to the securities registration statement SpaceX filed with the U.S. Securities and Exchange Commission (SEC) on the 12th, Mirae Asset Securities was allocated about 0.42% of the 555,555,555 Class A common shares in this initial public offering (IPO).
SpaceX allocated IPO shares to 22 securities firms worldwide. Mirae Asset Securities, which joined the underwriting syndicate that assigns shares for country-specific strategic investors and institutional investors, secured its portion through the "Korea tranche."
The shares SpaceX allocated to global securities firms were divided into four sizes. Goldman Sachs and Morgan Stanley received the most at 111,111,111 shares each, and three securities firms—Bank of America (BofA), Citigroup, and JPMorgan—each took 83,333,333 shares.
Barclays, Deutsche Bank, RBC Capital, UBS, and Wells Fargo were allocated 11,111,111 shares. Mirae Asset Securities received 2,314,815 shares along with 12 securities firms including ING and Mizuho Securities.
SpaceX's offering price is $135 per share, and the company raised $75 billion through the IPO. Based on the offering price, the market capitalization is $1.76 trillion, and SpaceX debuts on the stock market as the seventh-largest U.S. company by market value.