![]() ![]() Version of the document in English is a defining and shall prevail in the event that there are discrepancies between the English and Russian languages. Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States due to Beijings clampdown on overseas listings by domestic firms, according to three sources with direct knowledge of the matter. Thus, GuruTrade assumes no responsibility for any trading losses you might incur as a result of using this data. All stock prices, indexes, futures are indicative and not appropriate for trading. GuruTrade remind you that the data contained in this website is not necessarily real-time and may not be accurate. ![]() ![]() speculating only the money you can afford to lose. Forex trading may not be suitable for all investors. Operations in the international foreign exchange market contain high levels of risk. Risk Disclosure: GuruTrade assumes no liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and forex signals. Morgan Stanley, BofA Securities and CICC are the underwriters for the proposed IPO. The company will list on the Nasdaq under the symbol “LDOC”, it said.Īlibaba Health is the healthcare flagship platform for the Alibaba Group Holding Ltd conglomerate. HONG KONG (Reuters) -Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States due to Beijings clampdown on overseas. LinkDoc said it will use the proceeds from the offering to strengthen its research and development capacities and for investments and acquisitions, among others. introducing measures that could result in foreign companies being delisted from American stock exchanges within three years if they do not comply with the country’s auditing standards. The company’s listing plans come despite the U.S. The Beijing-based company, which offers cancer-focused healthcare services, reported a 41% jump in revenue for the three months ended March 31, according to the filing.įor the same period, net loss attributable to LinkDoc widened to 135.4 million renminbi ($21.17 million) from 61.6 million renminbi a year earlier. 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.(Reuters) - LinkDoc Technology Ltd, a medical data company backed by a subsidiary of Alibaba Health Information Technology Ltd, filed for an initial public offering in the United States on Monday. 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. Morgan Stanley and Bank of America declined to comment, while CICC did not respond to a Reuters request for comment. Morgan Stanley, Bank of America, and China International Capital Corp Ltd (CICC) were the investment banks on the deal. LinkDoc did not immediately respond to a request for comment. LinkDoc Technology Ltd., a Beijing-based health care data company focused on oncology patients, scrapped plans for a 200 million initial public offering in the U.S. ![]() No date has been set for when the stock will be publicly available. The stock is expected to cost between 17.50 and 19.50. Not yet an official IPO, its one of the first steps of taking a private company public. LINKDOC TECHNOLOGY IPO REGISTRATIONThe sources declined to be identified as the information has not yet been made public. LinkDoc Technology filed a draft registration with the US Securities and Exchange Commission under the ticker symbol LDOC. 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. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |