Korea’s ETF race heats up over SpaceX's blockbuster IPO

As SpaceX’s initial public offering draws closer, South Korean asset managers are racing to secure exposure ahead of the blockbuster listing. In a deal expected to rank among the largest in Wall Street history, the rocket and satellite company is reportedly aiming to raise $75 billion at a valuation of $1.75 trillion. It is expected to file for its IPO in the coming days, paving the way for a market debut as early as mid-June. As SpaceX accelerates preparations, local asset managers are moving q

By The Korea Herald