8/16/2023 0 Comments Linkdoc itjuziinitial public offering, people familiar with the matter said, following China’s crackdown on overseas listings by local firms.Market volatility has played a part in the postponement and the company could revisit its listing. IPO After Crackdown (Bloomberg) - LinkDoc Technology Ltd., a Beijing-based medical data company, has halted plans for a U.S. So far this year, a record US$12.5 billion by Chinese firms has been raised from 34 US listings, Refinitiv data shows, well up from the US$1.9 billion from 14 deals in the same period a year ago.Įight Chinese companies including home service platform Daojia Ltd and Atour Lifestyle Holdings have made public filings with the Securities and Exchange Commission (SEC) to list in the US later this year, a review of the filings showed. Chinese Firm LinkDoc Said to Postpone U.S. US capital markets have been a lucrative source of funding for Chinese firms in the past decade, especially for technology companies looking to benchmark their valuations against listed peers there and tap an abundant liquidity pool. A person familiar with the matter said such a plan is still under discussion and no decision has been made yet. LinkDoc was slated to price its offering on Thursday, aiming to raise as much as 211 million. Sep 09, 2021, 20:47pm Pandaily According to Bloomberg, LinkDoc Technology Limited, a medical data platform company backed by Alibaba Group, plans to lead a 200 to 300 million financing round before its upcoming IPO in Hong Kong. listing since a Chinese regulator announced national security and cybersecurity probes of three freshly listed Chinese technology firms this month, including ride-hailing giant Didi. HONG KONG, July 8 (Reuters) - Chinese medical data group LinkDoc Technology Ltd LDOC.O has shelved plans for an IPO in the United States due to Beijing's clampdown on overseas listings by. ![]() Free cash flow during the twelve months ended March 31, 2021, was negative (37. Morgan Stanley and Bank of America declined to comment, while CICC did not respond to a Reuters request for comment. LinkDoc is the first company known to have pulled out of a U.S. Click to enlarge (As of March 31, 2021, LinkDoc had 125.8 million in cash and 116.5 million in total liabilities. Morgan Stanley, Bank of America, and China International Capital Corp Ltd (CICC) were the investment banks on the deal. Founded in 2014 and headquartered in Beijing, China, LinkDoc creates medical data solutions and tumor big data platforms to provide clinically structured data for China's tumor specialist hospitals and comprehensive tertiary hospitals. LinkDoc did not immediately respond to a request for comment. The sources declined to be identified as the information has not yet been made public. The book closed one day earlier than planned on Wednesday, one of the three sources and a separate person said. It had planned to sell 10.8 million shares between US$17.50 and US$19.50 each.
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