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

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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.)

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