Chinese investors barred from SpaceX's record-breaking IPO — Bloomberg
Investors from China and Hong Kong have been barred from participating in the upcoming initial public offering (IPO) of SpaceX, the company owned by American billionaire Elon Musk. The restrictions were imposed by the banks handling the deal.
According to the agency, the SpaceX IPO could reach $75 billion, making it the largest initial public offering in history. The deal is expected to take place in late June.
The ban on participation by Chinese and Hong Kong investors was imposed by leading U.S. banks, including Goldman Sachs and Morgan Stanley. This decision is explained by U.S. restrictions on the transfer and export of critical technologies to China.
Specifically, this refers to the International Traffic in Arms Regulations (ITAR), which govern access to U.S. defense technologies and related technical information.
Additionally, as Bloomberg notes, the SpaceX website has become inaccessible to users in Hong Kong and Shanghai. When attempting to access the site, a message appears stating that access is restricted for certain IP addresses.
The agency’s report notes that companies operating in strategically important sectors or bidding on major government contracts often limit the pool of potential shareholders to avoid additional scrutiny from U.S. authorities.
Source: Bloomberg.
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