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IPO

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.

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