Financial authorities investigate the circumstances behind the controversy over unallocated SpaceX IPO shares

Mirae Asset Securities participated in the initial public offering of the U.S. aerospace company SpaceX and received subscriptions from domestic institutions and professional investors, but controversy is growing as it has been revealed that it did not ultimately receive an allocation of shares. On the 14th, the Financial Supervisory Service said it would confirm how Mirae Asset Securities failed to receive the IPO shares and whether it gave adequate risk disclosures. Mirae Asset Securities explained that there had originally been shares expected to be allocated, but Goldman Sachs, the lead underwriter, did not allocate them in the final stage. In the process, domestic exchangetraded funds that had been seeking to include SpaceX IPO shares also hit a snag in their plans. Among investors, complaints about losses and information asymmetry have been raised, and disputes over responsibility among financial firms are also continuing.