So far this year, a record US$12.5 billion by Chinese firms has been raised from 34 US listings, Refinitiv data shows, well up from the US$1.9 billion from 14 deals in the same period a year ago.Įight Chinese companies including home service platform Daojia Ltd and Atour Lifestyle Holdings have made public filings with the Securities and Exchange Commission (SEC) to list in the US later this year, a review of the filings showed. US capital markets have been a lucrative source of funding for Chinese firms in the past decade, especially for technology companies looking to benchmark their valuations against listed peers there and tap an abundant liquidity pool. Details: Keep did not go ahead with its planned public filing while its bankers at Morgan Stanley canceled marketing meetings with investors this week, Financial Times reported, citing people familiar with the matter. Chinese fitness app Keep, podcasting platform Ximalaya, medical solution provider LinkDoc reportedly canceled their US IPO plans after Didi debacle. Didi keep ximalaya linkdoc us ipotimes fullhinese regulators are concluding their probes into ride-hailing platform Didi, digital freight platform Full Truck Alliance, and online recruitment platform Kanzhun, in preparation of lifting the current ban on adding new users.HONG KONG, July 8 (Reuters) - Chinese medical data group LinkDoc. Morgan Stanley and Bank of America declined to comment, while CICC did not respond to a Reuters request for comment. Keep, Ximalaya, and LinkDoc call off their US IPO plans. LinkDoc filed for an initial public offering in the United States last month and was due to price its shares after the U.S. One of the sources said the regulatory uncertainty affected both the company and investors. Morgan Stanley, Bank of America, and China International Capital Corp Ltd (CICC) were the investment banks on the deal. The decision to pull the LinkDoc deal was due to the crackdown, the sources said. It is the first Chinese firm known to have pulled back from IPO plans since China's cybersecurity regulator toughened its approach to oversight. 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. LinkDoc did not immediately respond to a request for comment. HONG KONG (Reuters) -Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States due to Beijing's clampdown on overseas listings by domestic firms, according to three sources with direct knowledge of the matter. Ximalaya drops US IPO plan amid Chinas crackdown on overseas listing Septem3:59 pm Thursday, Ximalaya, one of Chinas most prominent audio streaming platforms backed by Tencent, said it will drop its IPO plan in the United States filed in April. Ximalaya had about 250 million monthly active users, nearly a fifth of Chinas population, in the first quarter of 2021, according to its IPO prospectus. Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States due to Beijing's clampdown on overseas listings by domestic firms, according to three sources. The firms co-sponsors were Goldman Sachs, Morgan Stanley and CICC. Didi keep ximalaya linkdoc us ipotimes professional It offers users a platform to access free or paid content from roughly 5.2 million professional or amateur content creators.
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