Mirae Asset Securities has raised the margin ratio for some stocks from 20% and 30% to 40% starting November 1st, citing increased market volatility and customer investment risks. The company also temporarily suspended new applications and extensions for its customized margin service.
The Financial Supervisory Service (FSS) has launched an investigation into Mirae Asset Securities regarding the cancellation of SpaceX IPO share allocations. The FSS is examining the circumstances of the allocation failure and whether investors were adequately informed of the risks.
SpaceX's IPO, priced at $135 per share and raising $75 billion, saw its stock surge 19% on its first day. South Korea's Mirae Asset Securities, initially allocated over 2.3 million shares, was ultimately excluded from the final share distribution, causing significant backlash and accusations of market exclusion.
Mirae Asset Securities will begin accepting subscriptions for SpaceX's IPO from professional individual and corporate investors on May 5th. The minimum investment is $100,000, with a total offering size of around $500 million. Korea Investment Trust Management also announced its participation, planning to allocate shares to its space-focused ETFs and funds.
Mirae Asset Securities announced the launch of 'Mirae Asset IMA No. 3', a performance-based dividend comprehensive investment account (IMA) product with a total scale of 100 billion won. The subscription period is from May 26th to 28th.
Mirae Asset Securities has been included in the DJBIC World Index for 15 consecutive years, recognized for its performance in environmental, social, and governance factors, including RE100 achievement and carbon emission reduction efforts.
