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South Korea’s Mirae Asset Misses Out on SpaceX’s Historic $75 Billion IPO Due to Order Miscommunication

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Calcalist · 6 hours ago

What happened

South Korea’s Mirae Asset Securities failed to secure any shares in SpaceX’s $75 billion IPO due to a miscommunication about order submissions, leading to client apologies and regulatory scrutiny. The error caused a significant drop in Mirae Asset’s stock and damaged its reputation as the only Korean firm excluded from the allocation.

01Mirae Asset failed to secure any shares in SpaceX’s $75 billion IPO due to a submission misunderstanding.
02The firm confused a non-binding interest phase with the official order placement stage.
03Over $1.1 billion in Korean investor demand was never recorded in the IPO books.
04Mirae Asset issued a rare apology and promised an internal investigation.
05South Korea’s financial regulator expanded its probe into the failed allocation.
06Mirae Asset’s stock dropped 18.2% following the IPO mishap, reflecting reputational damage.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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