![]() ![]() 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. 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. The company will list on the Nasdaq under the symbol 'LDOC'.(File Photo) Morgan Stanley, BofA Securities, CICC, Tiger Brokers, and Snowball Securities were set to be the joint bookrunners on the deal.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. It had planned to list on the Nasdaq under the symbol LDOC. The Beijing, China-based company was founded in 2014 and booked $154 million in sales for the 12 months ended March 31, 2021. The company's product suite includes a digital continuous care platform for patients with critical diseases, an AI-enabled curation system for longitudinal medical data, and a precision life sciences platform for clinical research. So far this year, 31 Chinese issuers have raised $12.3 billion in US IPOs, more than all of last year, representing roughly 15% of the US IPO market by deal count and proceeds.īacked by Alibaba Health, LinkDoc Technology provides a platform that structures cancer patient data to enable precision medicine and personalized care. Days after DiDi Global's (DIDI) $4.4 billion US IPO, the regulator announced that it was pulling DiDi's app from the app store until it came under compliance with certain data security requirements, causing the stock to crash. The news comes amid China's latest crackdown of its domestic internet companies, which has most recently focused on US listings. ![]() Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. On Wednesday, LinkDoc filed an amendment where it added risks related to China's new capital markets regulation and oversight, which had been issued by the country's regulator the day before. LinkDoc Technology Ltd ADR Share Price NASDAQ: LDOC Stock - UK View the real-time LinkDoc Technology Ltd ADR (LDOC) share price and assess historical data, charts, technical. A high-level overview of LinkDoc Technology Limited (LDOC) stock. It had filed to raise $200 million by offering 10.8 million shares at a price range of $17.50 to $19.50. Insiders and anchor investors had indicated an interest in buying 58% of the deal. The company had been expected to price its IPO on Thursday night. LinkDoc Technology, a Chinese healthcare data company specializing in oncology patients, postponed its IPO on Thursday.
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