![]() SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. trading just days after a 4.4 billion IPO. Shares in Didi, which controls almost the entire ride-hailing market in China, plunged 20 in U.S. Their latest funding was raised on from a Series D round. HONG KONG, July 8 (Reuters) - Chinese medical data group LinkDoc Technology Ltd LDOC.O has shelved its listing in the United States to raise up to 211 million following Beijings clampdown on. IPO endeavors as Beijing intensified its policing of technology platforms in China. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. In recent days, China has intensified its crackdown on technology firms with the cyberspace regulator announcing a probe into Didi and pulling the company’s app from stores. LinkDoc Technology has raised a total of CN¥1.7B in funding over 4 rounds. The news of LinkDoc ran parallel to the decision by Keep to pull its 500 million U.S. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. HONG KONG (Reuters) -Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States due to Beijing's clampdown on overseas listings by domestic firms, according. Zhang Tianze, founder and CEO, also serves as the largest shareholder in the company, accounting for 17.3 of shares and 67.6 of voting rights following the IPO. All material subject to strictly enforced copyright laws. Founded in 2014, LinkDoc is a Beijing-based company that provides various data-driven and artificial intelligence-supported medical technology platforms. ![]() No affiliation or endorsement, express or implied, is provided by their use. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. 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.© 2008-2023 Sovereign Wealth Fund Institute. 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. LinkDoc Technology, a Beijing-based medical data company, is planning an initial public offering that could raise about 500 million as soon as this year, people with knowledge of the matter said. LinkDoc Technology is an oncology data company based in Beijing, China that provides data, AI assistant systems, patient management, and other services. 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. Since the company was founded in 2008, Medsci has been acommitted to helping doctors. 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. Chinas cybersecurity regulator began investigations into three companies that recently listed in New York - ride-hailing service Didi Global. ![]() ![]() It had planned to sell 10.8 million shares between US$17.50 and US$19.50 each. LinkDoc has suspended plans for a US IPO.
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