SpaceX Bars Hong Kong and China Investors From $75 Billion IPO
Underwriters were instructed not to accept orders from investors in Hong Kong and mainland China for the planned offering. The restriction follows U.S. arms export rules that limit the transfer of sensitive defense technology.
benzinga.comUnderwriters handling the planned $75 billion SpaceX share sale were told not to accept orders from investors based in Hong Kong and mainland China, including private banking clients. The restriction stems from guidance tied to U.S. International Traffic in Arms Regulations, which control the export of defense-related technology.
SpaceX's website was also reported as inaccessible from Hong Kong and Shanghai.
Inc. and Morgan Stanley, the lead banks on the deal, did not immediately respond to requests for comment.
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