Korean Broker Misses SpaceX IPO Allocation After Miscommunication
A miscommunication during SpaceX's record‑breaking IPO caused Mirae Asset Securities in South Korea to receive zero retail allocations after it mistakenly treated an early investor-demand inquiry as binding orders. The error left Mirae apologizing to clients and facing regulatory inspections, even as the $86 billion offering moved forward with allocations to other underwriters and broad investor demand.
