![]() ![]() HONG KONG, July 8 (Reuters) - Chinese medical data group LinkDoc Technology Ltd (LDOC.O) has shelved plans for an IPO in the United States following Beijing's clampdown on overseas listings by domestic firms, according to three sources with direct knowledge of the matter. It is the first known Chinese firm to pull back from its IPO plans since the crackdown began last week with an investigation by China's cybersecurity regulator into ride-hailing giant Didi Global Inc (DIDI.N) just two days after it made its New York debut.īeijing said on Tuesday that it would strengthen supervision of all Chinese firms listed offshore, a sweeping regulatory shift that triggered a sell-off in U.S.-listed Chinese stocks. The decision to pull the LinkDoc deal was due to the crackdown, the sources said. 43 Van Eck Vectors Natural Resources ETF (NYSE:HAP) Yes 1,001 -15,000 201. Based on the outstanding inventory disclosed in its filings with the united states Securities and Exchange Commission, the shares, each represents one Class A Common Share, would give the company a market worth of US11.eight billion. By Will Feuer China-based medical data company LinkDoc Technology Ltd. So they determined to move from being a reasonably small firm to a big company. One of the sources said the regulatory uncertainty affected both the company and investors. Provide the latest LinkDoc Technology(LDOC) market data, including prices. LinkDoc filed for an initial public offering in the United States last month and was due to price its shares after the U.S. It had planned to sell 10.8 million shares between $17.50 and $19.50 each. One of the sources said the regulatory uncertainty affected both the company and investors. If the US regulator indeed suspends the Chinese IPOs it will be a big setback for US capital markets, meaning they will no. LinkDoc Technology, which is backed by Alibaba Health (BABA) filed, filed for an IPO to raise 100m, although that’s likely just a placeholder value.Medical data company LinkDoc wrote in. The deal would have raised $211 million at the upper end of the indicated range. Morgan Stanley, Bank of America, and China International Capital Corp Ltd (CICC) were the investment banks. ![]() LinkDoc filed for an initial public offering in the United States last month and was due to price its. Sources didi chinabased keep ximalaya linkdoc. Sources: after the Didi crackdown, China-based fitness app Keep, podcasting platform Ximalaya, medical data analytics startup LinkDoc pause their US IPO. The book closed one day earlier than planned on Wednesday, two of the sources said. The sources declined to be named as the information has not yet been made public yet.īeijing-based LinkDoc did not immediately respond to a request for comment.
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