By SHI JING in Shanghai and ZHOU LANXU in Beijing |
China Daily |
SpaceX's decision to bar Chinese mainland and Hong Kong investors from its $75 billion IPO underscores a growing global trend of technology decoupling, which Chinese companies must heed without altering their global outreach, said experts on Tuesday.
Underwriters for SpaceX, the space exploration company founded by Elon Musk, said on Friday that they are instructed to reject any orders originating from the Chinese mainland and Hong Kong, according to people familiar with the matter.
It means that mutual funds, private equities, sovereign funds, family offices and high-net-worth individuals from the two jurisdictions will all be blocked from this highly anticipated IPO, which would rank among the world's largest technology listings in history.
