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

Mirae Asset Securities, part of the underwriting syndicate for SpaceX's initial public offering, was allocated 2,314,815 shares worth about $312.5 million at the offering price.

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

The IPO price was finalized at $135 a share, putting the value of Mirae Asset Securities' allocation at about $312.5 million.

Goldman Sachs and Morgan Stanley received the largest 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 each received 11,111,111 shares.

Macquarie Capital, Mizuho Securities, Santander and more than 10 other global investment banks received the same allocation as Mirae Asset Securities. Each was assigned 2,314,815 shares.

SpaceX is set to debut on the stock market later on June 12 in 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 could exceed $86 billion.

Total subscription demand was reported to have topped four times the target. Retail investor orders also reportedly exceeded $100 billion.

At the offering price, SpaceX's valuation stands 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