SpaceX IPO Prohibits Mainland China and Hong Kong Investors from Participating in Subscription

BlockBeats News, June 5th, according to Bloomberg, sources familiar with the matter said that the underwriters of SpaceX's approximately $75 billion initial public offering (IPO) have been informed not to accept subscription orders from investors in mainland China and Hong Kong, citing U.S. restrictions on the export of key technology. The lead underwriter responsible for this transaction has further notified other banks in the underwriting syndicate not to allow participation from clients in mainland China and Hong Kong, including private banking clients.

The report stated that this move is primarily due to regulatory and compliance risk considerations, and the specific arrangements have not been publicly disclosed at this time.