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South Korea's Mirae Asset Securities Failed to Obtain SpaceX IPO Shares Due to Misunderstanding and Faces Regulatory Inspection

Source: origin.www.bloomberg.com Event types: Regulation/Compliance
According to Bloomberg, SpaceX's record-breaking IPO was originally viewed as a significant opportunity for South Korea's Mirae Asset Securities to expand its international investment banking business, but due to communication misunderstandings during the allocation process, the broker ultimately did not receive any allocated shares. Following the incident, Mirae Asset Securities has apologized to clients, and South Korean regulators have also intervened to inspect its relevant business processes and internal management.

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