·Asset managers await final allocations ahead of Friday's blockbuster listing, though some remain wary of post-IPO volatility A SpaceX logo is on a screen at the Morgan Stanley building in New York.
·(Reuters-Yonhap) Korea's investment industry is scrambling for a piece of SpaceX's blockbuster IPO, with asset managers awaiting final allocations ahead of Friday's listing while weighing whether the stock can live up to expectations.
·According to industry sources on Sunday, several Korean asset managers, including Korea Investment Management, participated in the institutional book-building process and are awaiting pricing night, when underwriters finalize the offering price and allocate shares.
·"We have to stay up all night waiting to find out how many shares we will actually receive," one asset management official said.
·"We also need to assess how the stock trades after listing and whether the price movement justifies buying more." As expectations grow that SpaceX shares could surge after listing, Korean financial institutions, including asset managers and insurance companies, have been eager to participate in the IPO as institutional investors.
