LinkDoc Technology Ltd has suddenly shelved an IPO that was set to raise up to 211 million in the US, according to sources who spoke to Reuters and Nikkei. listing plans and opt for Hong Kong instead, with one source at the time citing Beijing’s concerns that U.S. The company, which is reportedly backed by Alibaba, filed for an IPO last month and was due to set a price for its shares later today (Thursday July 8). Faced with Possible Effects of Didi App Removal, Chinese Companies Keep, Ximalaya and LinkDoc Cancel IPO Plans in US. LinkDoc Technology, which is a China-based company that leverages sophisticated data technologies for oncology patients, was expected to pull off its IPO last week. regulators will potentially gain more access to audit documents of New York-listed Chinese companies.Īnalysts also note the tougher stance coincides with new U.S.
The Financial Times reported on Thursday that Keep, a Chinese sports-oriented social platform, and Ximalaya, the largest podcast platform in China, have both cancelled previous IPO plans in the United States during recent weeks. Didi and two other Chinese app operators have been blocked from signing up new customers shortly after they sold shares to investors in the United States, as I outlined on Monday. On the same day, Reuters reported that LinkDoc, a Chinese medical technology company, had also shelved its IPO plan. Regulations being rolled out that could see Chinese companies delisted if they do not comply with U.S.
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