SpaceX IPO bans investors from mainland China and Hong Kong from subscribing

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BlockBeats News, June 5, according to Bloomberg, sources familiar with the matter say that the underwriters for SpaceX’s approximately 75 billion US dollars initial public offering (IPO) have been informed that they are not allowed to accept subscription orders from investors in mainland China and Hong Kong, due to US restrictions on the export of key technologies. The lead bank handling the transaction has further notified other banks in the underwriting syndicate that customers from mainland China and Hong Kong are not permitted to place orders, including private banking clients.

The report says this move is mainly driven by considerations of regulatory and compliance risk, and the relevant arrangements have not been publicly disclosed at present.

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