![]() In a series of events that began on Friday and intensified during the US holiday weekend, China's cybersecurity regulator began investigations into three companies that recently listed in New York - ride-hailing service Didi Global, Uber-like trucking startup Full Truck Alliance, and online-recruitment platform Kanzhun. It was seen as raising as much as $211 million by selling 10.8 million shares priced between $17.50 and $19.50, Reuters reported, citing three sources with direct knowledge of the matter. LinkDoc, which filed for its IPO in June, was due to price its offering after the US market close on Thursday. On Tuesday, Chinese officials said they would step up scrutiny of cross-border data flow and sources of funding for securities investments, among other market-related measures. Latest LinkDoc Technology Share Price - Live LDOC share price quotes, charts, profile, RNS & company financials for NAQ:LDOC > Login Get Started. The tougher oversight is seen as President Xi Jinping seeking to control one of China's most treasured resources - big data. View all funding Compete with LinkDoc Technology Ensure that your company and products are accurately represented on our platform. LinkDoc, which provides medical data and research to pharmaceutical clients, is the first Chinese company known to have set aside US IPO plans as regulators tighten their grip. LinkDoc Technology's valuation in July 2018 was 1,000M. The Beijing, China-based company plans to raise 200 million by offering 10. listing by a Chinese firm on record, after Alibaba Group Holding Ltd.’s $25 billion blockbuster debut in 2014.Chinese medical-data company LinkDoc Technology has suspended its plans for an initial public offering in the US as Beijing cracks down on domestic companies with overseas listings, Reuters reported on Thursday. LinkDoc Technology, a Chinese healthcare data company specializing in oncology patients, announced terms for its IPO on Thursday. The fund-raising comes as it weighs a Hong Kong initial public offering, they said. this year, according to data compiled by Bloomberg. Mainland medical data company LinkDoc Technology, backed by Alibaba Health (0241), is seeking to raise up to US300 million (HK2.34 billion) from a private round after suspending plans for a July US share sale, insiders say. Its investors include Alibaba Health Information Technology Ltd., MBK Partners, New Enterprise Associates and Temasek Holdings Pte according to a preliminary filing.Ĭhinese companies have raised about $13 billion through first-time share sales in the U.S. LinkDoc, founded in 2014, provides cancer focused health-care services built on big data and artificial intelligence, its website shows. According to LinkDoc’s prospectus, the domestic market size in 2019 was 4. A representative for LinkDoc declined to comment. China’s medical big data market is developing at a high speed. Reuters reported LinkDoc’s IPO halt earlier Thursday. Backed by Alibaba Health Information Technology Ltd (0241.HK), LinkDoc filed for its IPO last month and was due to price its shares after the U.S. ![]() LinkDoc’s IPO delay also comes as regulators in Beijing are planning rule changes that would allow them to block a Chinese company from listing overseas even if the unit selling shares is incorporated outside China, closing a loophole long-used by the country’s technology giants, Bloomberg News reported this week. and prospective cohort (with AI assistance) for safety evaluation. Backed by Alibaba Health Information Technology, LinkDoc filed for its IPO last month and was due to price its shares after the US market close on Thursday. Business valuation can be used to determine the fair value of a business for a variety of reasons. ![]() Its service offerings comprise of clinical recruitment, real-world research services, data insight and other services based on precise life science solutions. 2 Linkdoc AI Research (LAIR), Linkdoc Information Technology (Beijing) Co., Ltd. Business valuation is the process of determining the economic value of a business or company. plunged after the government ordered the removal of the ride-hailing giant’s app from local app stores within days of its $4.4 billion U.S. LinkDoc Technology Beijing Co Ltd (LinkDoc) is a medical big data company offering clinically structured solutions. were arranging the deal.Ĭhinese technology stocks suffered a rout after China signaled a new era of tighter oversight over cybersecurity. LinkDoc was slated to price the offering on Thursday, which could have raised as much as $211 million. Market volatility has played a part in the postponement and the Beijing-based medical data company could revisit its listing plans when conditions improve, said one of the people, who asked not to be identified as the information is private. initial public offering, people familiar with the matter said, the first known company to pull out of a debut after China’s government cracked down on overseas listings.
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