Home › World News › Anthropic IPO Share Orders From China Are Said to Be Rebuffed
World News

Anthropic IPO Share Orders From China Are Said to Be Rebuffed

Key Points

EXCLUSIVE Anthropic IPO Share Orders From China Are Said to Be Rebuffed Institutional investors based in mainland China and Hong Kong have been excluded from placing orders in Anthropic PBC’s initial public offering, according to people familiar with the matter, highlighting the sensitivities around an industry both Washington and Beijing consider strategic. While some prospective investors are continuing to pursue possible ways to bid, several banks have either refused to take those orders...

EXCLUSIVE Anthropic IPO Share Orders From China Are Said to Be Rebuffed Institutional investors based in mainland China and Hong Kong have been excluded from placing orders in Anthropic PBC’s initial public offering, according to people familiar with the matter, highlighting the sensitivities around an industry both Washington and Beijing consider strategic. While some prospective investors are continuing to pursue possible ways to bid, several banks have either refused to take those orders or consider it unlikely that they would be able to get allocations, said the people, asking not to be identified because the information isn’t public. The constraints were partly due to the US International Traffic in Arms Regulations, which control the trade of defense products, some of them said.
China (LOCATION) Hong Kong (LOCATION) PBC (ORG) Washington (LOCATION) Beijing (LOCATION) the US International Traffic in Arms Regulations (ORG)
Originally published by Bloomberg Markets Read original →