Mirae Asset Securities, which took part in SpaceX's initial public offering (IPO), reportedly did not receive a single share in the allocation, sending Mirae Asset Group-related stocks lower in early trading on the 15th.

With SpaceX's initial public offering underway, the entire allocation of IPO shares that was to be assigned to Mirae Asset Securities as part of the underwriting syndicate is cut to zero. Goldman Sachs, the lead underwriter, is said to assign no sellable shares to Mirae Asset Securities and other syndicate members in the final allotment. Photo shows a Mirae Asset Securities branch in Seoul on the 14th. /Courtesy of Yonhap News

As of 9:38 a.m. that day, Mirae Asset Securities was trading at 53,100 won, up 1.34% (700 won) from the previous session.

Mirae Asset Securities fell more than 3% right after the open to the 50,300-won level but turned higher.

Related stocks are also falling. Mirae Asset Life Insurance is down in the 2% range, and Mirae Asset Venture Investment is showing a decline in the 18% range.

Earlier, Mirae Asset Securities joined as a domestic underwriter and proceeded with subscription for SpaceX IPO shares. However, it is said to have failed to secure a final allocation.

Initially, SpaceX planned to allocate 2,314,815 shares to Mirae Asset Securities out of the 555,555,555 Class A common shares sold this time.

However, Goldman Sachs, the lead underwriter, was reported to have cut to zero the portion of the IPO shares that had been slated for Mirae Asset Securities and others during the final allocation process.

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