regulations being rolled out that could see Chinese companies delisted if they do not comply with U.S. regulators will potentially gain more access to audit documents of New York-listed Chinese companies.Īnalysts also note the tougher stance coincides with new U.S. listing plans and opt for Hong Kong instead, with one source at the time citing Beijing's concerns that U.S. Menurut laporan, banyak syarikat China telah membatalkan rancangan IPO mereka di Amerika Syarikat kerana kebimbangan mengenai pemeriksaan keselamatan negara. In May, Reuters reported that Beijing was pressing audio platform Ximalaya to drop U.S. The tougher stance by the Cybersecurity Administration of China has been driven in part by concerns that the United States could gain greater access to data owned by Chinese firms - similar to concerns that the previous Trump administration had voiced about Chinese firms operating in the United States. later this year, a review of the filings showed. The Alibaba-backed medical-data firm, which filed for its IPO in June, was set to price its. listings, Refinitiv data shows, well up from the $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 U.S. LinkDoc has suspended plans for a US IPO, the first to do so after Beijing's crackdown, Reuters reported.
So far this year, a record $12.5 billion by Chinese firms has been raised from 34 U.S. Ximalaya will celebrate its eighth birthday in 2020. 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. On the same day, Reuters reported that LinkDoc, a Chinese medical technology company, had also shelved its IPO plan. The Financial Times reported on Thursday that Keep, a Chinese sports-oriented social platform, and Ximalaya, the largest podcast platform in China, have both cancelled previous IPO plans in the United States during recent weeks. Morgan Stanley, Bank of America, and China International Capital Corp Ltd (CICC) were the investment banks on the deal and all declined to comment to Reuters. Faced with Possible Effects of Didi App Removal, Chinese Companies Keep, Ximalaya and LinkDoc Cancel IPO Plans in US. LinkDoc did not immediately respond to a request for comment. The sources declined to be identified as the information has not yet been made public.
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The book closed one day earlier than planned on Wednesday, one of the three sources and a separate person said. Sources chinabased ximalaya linkdoc us Adobe edge animate cc 2015 Text blocks software Search by typing & pressing enter. It had planned to sell 10.8 million shares between $17.50 and $19.50 each. and make it more difficult to raise funds overseas," he said.īacked by Alibaba Health Information Technology Ltd, LinkDoc filed for its IPO last month and was due to price its shares after the U.S. "The new rules may impose long waiting periods on any companies hoping to list abroad which will hit investor sentiment, depress valuations for IPOs in the U.S. listing, they may have to wait for further clarification, stricter scrutiny and pre-approval from different regulators and authorities," said Bruce Pang, macro & strategy research head at China Renaissance Securities.
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.LinkDoc's decision to suspend its $211 million IPO, first reported by Reuters, is likely to be followed by others, analysts said, although they noted that U.S.
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Cras, dapibus ac facilisis in, meet head chef - Donte Owens. Sources keep linkdoc us ipotimes The perfect face shape Okra plants Adobe file compressor free download Lego digital designer rotate 45 degrees DROP US A LINE. LinkDoc is likely the first Chinese startup to have retreated from its IPO plans as China’s regulatory agencies stepped up Big Tech oversight. Praesent commodo cursus magna, vel scelerisque nisl consectetur et. Menghadapi kemungkinan dampak penghapusan Didi App, perusahaan China Keep, Ximalaya dan LinkDoc membatalkan rencana IPO mereka di AS Jul 09, 2021, 13:07pm 9 20:10:27 Pandaily Financial Times melaporkan pada hari Kamis bahwa platform sosial olahraga China Keep dan platform podcast terbesar China Ximalaya telah membatalkan rencana IPO. The move against Didi from Chinese regulators came just two days after it went public in the U.S. 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. 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).
in light of China’s crackdown on domestic companies looking to list overseas. Two Chinese startups suspended public listing plans in the U.S.
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