Market Chatter: SpaceX Asks Banks to Bar China, Hong Kong Investors From IPO

MT Newswires Live09:58

SpaceX has asked banks underwriting its $75 billion initial public offering to bar investors from Hong Kong and China from subscribing, Bloomberg News reported Friday.

The company's instructions are based on guidance from the US International Traffic in Arms Regulations, which subjects investors from those regions to distribution restrictions, the report said, citing people with knowledge of the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment