Mirae Asset Daewoo Securities Co LtdMirae Asset received zero shares in SpaceX IPO due to misunderstanding, and South Korea's FSS has expanded inspection into the failure.

Mirae Asset Securities received no stock allocation in SpaceX's record-breaking $86 billion initial public offering after a misunderstanding over order submission left more than $1.1 billion of Korean investor demand unentered into the order book. The brokerage, the only one of 23 underwriters to get zero shares, treated an early request to indicate interest as the point for binding orders, while lead managers Goldman Sachs, Morgan Stanley, and Citigroup viewed those responses as non-binding indications. South Korea's Financial Supervisory Service has expanded an inspection to examine the failure to secure an allocation, and Mirae vice chairmen apologized to clients, pledging a review to restore trust.
Mirae Asset Daewoo Securities Co LtdMirae Asset received zero shares in SpaceX IPO due to misunderstanding, and South Korea's FSS has expanded inspection into the failure.
Mirae Asset Daewoo Co Ltd
Goldman Sachs Group Inc
Morgan Stanley
Citigroup Inc.