스페이스X의 파격적 IPO와 개인투자용 국채의 귀환: 미래에셋증권이 그리는 자산관리의 새 지평 > K-wave Trends

SpaceX's initial public offering generated unprecedented scale and interest from both Wall Street and domestic investors. Mirae Asset Securities was the only domestic securities company to participate as an underwriter in this IPO, creating investment opportunities for high-net-worth individuals, which became a decisive driving force in leading the securities industry in first quarter performance. However, in the process of attracting large funds, unexpected technical difficulties arose. It has been confirmed that immediate trading immediately after listing is difficult due to the time difference between the local US deposit process and the domestic warehousing process. Accordingly, Mirae Asset Securities placed investor protection as its top priority and granted the right to withdraw subscription. This can be interpreted as a strategic decision to secure market trust by providing safety measures to individual and corporate professional investors who may be exposed to extreme market volatility.

In this Space The enormous demand for dollar exchange that occurs when a large-scale IPO worth hundreds of billions of won is underway can put significant pressure on the won-dollar exchange rate. Mirae Asset Securities chose to ease the burden on the foreign exchange market by limiting allocations to institutional investors to about 30% of the application volume. This shows our responsibility as a large securities company that goes beyond simple profit generation and considers the stability of the entire market. In order to prevent the risk of inability to trade on the day of listing, the industry has continued to receive positive reviews for preemptively blocking potential losses that investors may experience through flexible response, such as accepting withdrawal applications by 12:00 noon on the 11th.

If Space This product, which has set a record of subscriptions exceeding the amount offered for five consecutive months this year and maintaining a high competition rate of 2.03 to 1, has become a must-have item for investors who value tax savings and safety. Mirae Asset Securities exclusively sold government bonds worth a total of 200 billion won this month and operated the additional interest rate flexibly according to market conditions. Although the additional interest rate was adjusted downward slightly compared to the previous month, it is designed to achieve the highest average annual rate of return when held to maturity, providing a strong incentive to long-term investors. The separate tax benefits provided when held to maturity for more than 5 years make it an attractive option not only for high net worth individuals but also for general individuals in need of tax savings.

Mirae Asset Securities' decision to act as the sole sales agent for government bonds for personal investment served as an opportunity to strengthen its monopoly position in the retail and asset management (WM) sectors. New customers brought in to subscribe to government bonds become a key asset for the ‘lock-in effect’ that can encourage cross-selling into pension services, overseas stocks, and various high-yield products in the future. Mirae Asset Securities, which occupied the 'performance throne' by exceeding KRW 1 trillion in quarterly net profit thanks to its investment in Space In a situation where competition in the securities industry is intensifying, the customer base secured through the stable channel of government bonds is expected to be a strong support for Mirae Asset Securities to maintain its position as a market leader.