Chinese, HK investors banned from SpaceX IPO on security grounds

Bloomberg: The lead banks overseeing the deal have told other banks in the underwriting syndicate not to permit customers in Hong Kong and China, including private banking clients, to place orders for the offering due to regulatory and compliance risks, the people said, asking not to be identified as the matter is private.

Banks were told the decision was driven by internal guidance related to the US International Traffic in Arms Regulations, which governs exports of defense-related technologies and technical data, some of the people said…

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