Korean funds race for SpaceX IPO shares

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 ...