Banks bar Chinese and Hong Kong investors from Anthropic IPO over US export controls

Banks are rejecting buy orders from mainland Chinese and Hong Kong investors for Anthropic's IPO, or consider allocations unlikely, according to Bloomberg, with some people involved citing ITAR, the US export control rules governing defense-related goods. Goldman Sachs and Morgan Stanley are leading the offering with 20 other banks, and the stock is expected to trade on Nasdaq under the ticker ANT after pricing on November 18. Anthropic's products are not officially available in China or Hong Kong, and the company has blocked Chinese-controlled firms from its AI services and exposed large-scale distillation attacks by DeepSeek, Moonshot and MiniMax involving some 16 million queries.