Reuters and the Wall Street Journal reported that Didi had priced the shares at 14 apiece, which would raise around 4. The company, sometimes dubbed the Uber of China, has also asked the Wall Street investment bank to make proposals on how a Hong Kong listing and New York delisting work, two of the said. sources.ĭidi did not respond to a Reuters request for comment. The sources were not authorized to speak to the media and therefore refused to be identified. Goldman was a major underwriter in Didi’s New York IPO, along with Morgan Stanley (MS.N) and JPMorgan (JPM.N). Didi Global is reportedly considering going private to calm Chinese authorities and compensate for the losses incurred after the U.S. Reuters reported last week, citing a source familiar with the matter, that Didi intended to complete Hong Kong’s list within the next three months and withdraw from New York by June 2022.ĭidi shares closed at $ 6.66 on Thursday, more than 50% below their introductory price.Two Chinese startups suspended public listing plans in the U.S. in light of China’s crackdown on domestic companies looking to list overseas. HONG KONG, July 8 (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.
Medical data firm LinkDoc Technology and digital fitness platform Keep have both pulled out following regulators’ probes into ride-hailing giant Didi Global, according to separate reports from the Financial Times and Reuters on Thursday (July 8). Sources: after the Didi crackdown, China-based fitness app Keep, podcasting platform Ximalaya, medical data analytics startup LinkDoc pause their US IPO. Sources told Reuters that LinkDoc was in the midst of filing for a $211 million initial public offering (IPO) in New York but scrapped the plans after Beijing pulled Didi from app stores and from payment platforms WeChat Pay and Alipay. The move against Didi from Chinese regulators came just two days after it went public in the U.S. Didi considers 2021 Hong Kong IPO, targets valuation of more than US60 billion: Sources. LinkDoc is likely the first Chinese startup to have retreated from its IPO plans as China’s regulatory agencies stepped up Big Tech oversight. Chinas top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering ( IPO) next year, people with. Image via Didi GlobalChinese ride hailing company Didi Global Inc. The move by officials prompted investors to unload Chinese stocks listed in the U.S.Īnalysts told Reuters that despite the fact that U.S. Sources didi chinabased keep linkdoc us for free#.
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