EqualOcean This text is a result of machine translation.The book closed one day earlier than planned on Wednesday, two of the sources said. Sources said that didi travels IPO of US stocks has been fully subscribed. The deal would have raised $211 million at the upper end of the indicated range. It had planned to sell 10.8 million shares between $17.50 and $19.50 each. Three other Chinese companies with pending U.S. IPO, nine months after its 11th hour halt to the listing.
LinkDoc filed for an initial public offering in the United States last month and was due to price its shares after the U.S. LinkDoc has formally withdrawn its plan to raise 200 million from a U.S.
One of the sources said the regulatory uncertainty affected both the company and investors. The decision to pull the LinkDoc deal was due to the crackdown, the sources said. It is the first known Chinese firm to pull back from its IPO plans since the crackdown began last week with an investigation by China's cybersecurity regulator into ride-hailing giant Didi Global Inc (DIDI.N) just two days after it made its New York debut.īeijing said on Tuesday that it would strengthen supervision of all Chinese firms listed offshore, a sweeping regulatory shift that triggered a sell-off in U.S.-listed Chinese stocks. HONG KONG, July 8 (Reuters) - Chinese medical data group LinkDoc Technology Ltd (LDOC.O) has shelved plans for an IPO in the United States following Beijing's clampdown on overseas listings by domestic firms, according to three sources with direct knowledge of the matter.