Mirae Asset Securities Allocated 2.31 Million SpaceX IPO Shares Worth $312.5 Million

Mirae Asset Securities was allocated 2,314,815 shares as part of the underwriting syndicate for SpaceX’s initial public offering. At the offer price, the allotment is worth about $312.5 million.

Documents posted on the US Securities and Exchange Commission website on June 12 show that SpaceX plans to sell 555,555,555 Class A common shares in the offering. Of those, 2,314,815 shares were allocated to Mirae Asset Securities.

The final offer price was set at $135 a share, valuing Mirae Asset Securities’ allotment at about $312.5 million.

Goldman Sachs and Morgan Stanley received the biggest allocations, with 111,111,111 shares each.

Bank of America, Citigroup and JPMorgan were each allocated 83,333,333 shares. Barclays, RBC Capital, UBS Securities and Wells Fargo were each allotted 11,111,111 shares.

Macquarie Capital, Mizuho Securities and Santander, along with about 10 other global investment banks, received the same allocation as Mirae Asset Securities. Each was allotted 2,314,815 shares.

SpaceX is making its market debut on June 12 in what the article described as the largest IPO on record. The company plans to raise $75 billion through the offering.

If underwriters including Goldman Sachs and Morgan Stanley exercise an additional option for about 83 million shares, the total amount raised could exceed $86 billion.

Total subscription demand was reported at more than four times the target. Orders from retail investors also reportedly exceeded $100 billion.

At the offer price, SpaceX is valued at $1.77 trillion. That would place it among the world’s 10 largest listed companies.

Han Kyung-woo, Hankyung.com reporter case@hankyung.com