Its revenue surged 89 percent to CNY942 million. HONG KONG (Reuters) Chinese medical data group LinkDoc Technology Ltd has shelved its listing in the United States to raise up to 211 million following Beijing’s clampdown on overseas. In 2020, LinkDoc widened its net loss by 12 percent to CNY489 million (USD75.4 million) from 2019 due to its high research and development, as well as labor costs. Sources: after the Didi crackdown, China-based fitness app Keep, podcasting platform Ximalaya, medical data analytics startup LinkDoc pause their US IPO. But founder and Chief Executive Zhang Tianze has 19.7 percent of the equity, resulting in the biggest stake. Alibaba currently is the fifth-largest shareholder with its 8.4 percent stake in the IPO-hopeful. HONG KONG: Chinese medical data group LinkDoc Technology Ltd has shelved its listing in the United States to raise up to US211 million following Beijings clampdown on overseas listings. The latest one was in March, participated by the Hangzhou-based e-commerce giant. The startup has completed five rounds of financing. The Beijing-based company, which offers cancer-focused healthcare services, reported a 41 jump in revenue for the three months ended March 31. It had set up 34 service centers in 28 provinces with more than 400,000 registered patients by March. (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.
#CHINABASED KEEP LINKDOC US IPOTIMES OFFLINE#
Alibaba's affiliate would spend USD25 million.įounded in 2014, LinkDoc offers its diagnostics and treatment information services to cancer patients in China via its online and offline platforms.
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The group includes Lake Bleu Capital, Temasek Holdings, UBS Asset Management, Hudson Bay Capital, and Sage Capital. Six investors, including Alibaba Health Hong Kong Technology, have expressed their intentions to buy nearly half of the shares before the IPO, the prospectus added. Underwriters may subscribe to an additional 1.6 million ADSs under a greenshoe option. Stocks Dip Ahead Of US CPI By Neil Wilson - Jun 10, 2022. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Enrich the conversation Stay. The oncology data platform will issue 10.8 million American depositary shares at a price range of USD17.50 to USD19.50, the Beijing-based firm said in its updated prospectus filed with the US Securities and Exchange Commission yesterday. LinkDoc becomes first Chinese firm to shelve U.S.
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(Yicai Global) July 2 - China's LinkDoc Technology, a medical data company invested by Alibaba Group Holding's healthcare arm, aims to raise up to USD243 million in its initial public offering on the Nasdaq.