Banks turn away some China and Hong Kong orders for Anthropic's (ANT) IPO. Its prospectus covers 25 markets, not Hong Kong.

Key points Banks are turning away some Anthropic IPO orders from China and Hong Kong Anthropic's prospectus lists selling restrictions for 25 markets, excluding Hong Kong Anthropic says some of its AI products could fall under US arms export rules Institutional investors in mainland China and Hong Kong are facing difficulty getting shares in Anthropic's (ANT) IPO. Several banks working on the offering have refused their orders or consider it unlikely they can secure shares for them, Bloomberg reported on Nov. 13. The limits are partly due to the International Traffic in Arms Regulations, or ITAR, US rules governing trade in defense products, according to the report. Some investors are still looking for ways to bid. Anthropic plans to price the IPO on Nov. 18 and begin trading on Nasdaq on Nov. 19. The reported limits concern orders for shares allocated in the IPO. Buying shares on Nasdaq after trading starts is a separate process.

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