China and Hong Kong users unable to access SpaceX website, IPO documents
13 Articles
13 Articles
Reasons are the US restrictions on the export of critical technology, say sources
SpaceX's Initial Public Offering (OPI) subscribers, valued at $75 billion, were informed that investors' orders from Hong Kong and China should not be met, due to US restrictions on the export of critical technology. According to sources, the main banks overseeing the operation have informed the other banks of the placement consortium that they do not allow Hong Kong and China customers, including private banking customers, to place orders for t…
China and Hong Kong users unable to access SpaceX website, IPO documents
SpaceX's website and IPO marketing documents were not accessible on Friday in Hong Kong and mainland China, a Reuters review showed, a step that threatens to curb participation by investors there in a listing expected to be the world's largest.
According to a Bloomberg report on Friday (June 5), citing sources familiar with the matter, SpaceX has refused to accept investors from China and Hong Kong for its expected $75 billion initial public offering (IPO) due to U.S. restrictions on the export of key technologies.
Chinese, HK Investors Banned From SpaceX IPO on Security Grounds
Underwriters on SpaceX’s $75 billion initial public offering have been told not to accept orders from investors in Hong Kong and China, citing US restrictions around the export of critical technology, people with knowledge of the matter said. The lead banks overseeing the deal have told other banks in the underwriting syndicate not to permit […] The post Chinese, HK Investors Banned From SpaceX IPO on Security Grounds appeared first on OODAloop.
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