ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Alibaba-backed LinkDoc suspends US IPO as Didi fallout spreads

Medical data group worried by market volatility and fear of regulatory blowback

LinkDoc Technology offers medical data-related services to health care providers.    © Reuters

HONG KONG -- Chinese medical data group LinkDoc Technology has called off its U.S. initial public offering at the last minute, two people familiar with the transaction said, becoming the first casualty of Beijing's clampdown on overseas listings.

The company planned to raise up to $210 million on the tech-heavy Nasdaq exchange and closed its books on the deal on Wednesday after apparent strong demand.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more