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 listings, according to three sources with direct knowledge of the matter. The put volume exceeds the put open interest, then the table cell would be highlighted in red and represent a strong bearish signal.įintel® provides advanced research tools for data-driven investorsįintel currently tracks over 9500 funds and over 63,000 securities traded worldwide. HONG KONG (July 8): Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States following Beijings clampdown on overseas listings by domestic firms, according to three sources with direct knowledge of the matter. Information includes fund holdings, fund sentiment, financial data, and regulatory filings (including SEC, LSE, ASX, and SGX). See our Privacy Policy and Terms and Conditions. See also AMC Short Interest, GME Short Interest, Scion Asset Management, Vanguard Group, Point72, Sabby,īaker Brothers, Citadel Advisors, Himalaya Capital, Baillie Gifford, HONG KONG 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 listings, according to three sources with direct knowledge of the matter. Chinas LinkDoc shelves 211 mln US IPO after regulatory crackdown Back to video. This website is provided “as is” without any representations or warranties, express or implied. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Nothing on this website constitutes, or is meant to constitute, advice of any kind. LinkDoc Technology Ltd () has halted plans for a US initial public offering (IPO), people familiar with the matter said, the first known company to pull out of a debut after the Chinese government cracked down on overseas listings. If you require advice in relation to any financial matter you should consult an appropriate professional.FILE PHOTO: The 11 Wall St. door of the New York Stock Exchange (NYSE) is seen in New York City, New York, U.S., June 26, 2020. REUTERS/Brendan McDermidĭespite the threat and rising U.S.-China tensions, the allure of a valuation on the world’s deepest stock market makes the risk of eventual delisting manageable, while financial-technology companies find the regulatory burden of a U.S. listing lighter than that in mainland China or Hong Kong, companies, advisers and investors say. “In the immediate term, I don’t see this impacting views of the U.S. markets as a strong choice of listing venue,” said Jason Elder, a Hong Kong based partner at law firm Mayer Brown. So far this year, Chinese companies have raised $5.23 billion in U.S. initial public offerings, more than double the $2.46 billion for the same period last year, Refinitiv data show. Property management company KE Holdings BEKE.N, backed by Chinese tech giant Tencent Holdings Ltd 0700.HK and Japan's SoftBank Group Corp 9984.T, raised $2.12 billion in its U.S.
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