[Alpha Biz= Kim Jisun] South Korean financial regulators have reportedly issued a cautionary message to Mirae Asset Securities regarding the dissemination of information about a potential plan to allocate shares of SpaceX to domestic investors.

According to investment banking sources on February 16, regulators recently conveyed their position to Mirae Asset Securities, urging restraint in public communications related to the matter.

Authorities are currently reviewing whether a simultaneous public offering of SpaceX shares in both the United States and South Korea would be legally feasible, given differences in regulatory frameworks and offering procedures between the two jurisdictions.

In Korea, public offerings to retail investors require the submission of a securities registration statement and adherence to formal subscription procedures. These requirements could pose significant timing constraints, particularly as SpaceX’s IPO is expected as early as June.

Market participants note that, considering the time required for legal review, regulatory filings, and approval processes, it remains uncertain whether such a plan can be executed in practice.

Nevertheless, recent media reports suggesting that Mirae Asset Securities is pursuing a domestic allocation of SpaceX IPO shares have fueled investor expectations, prompting regulators to step in preemptively.

Mirae Asset Securities is reportedly among roughly 20 global investment banks participating in the SpaceX IPO. The offering is expected to raise up to USD 75 billion, potentially surpassing the USD 29.4 billion raised in Saudi Aramco’s 2019 listing and marking the largest IPO in history.

 

 

 

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