- LinkDoc has formally withdrawn its plan to raise $200 million from a U.S. IPO, nine months after its 11th hour halt to the listing.
- Three other Chinese companies with pending U.S. listings could revive their plans in the second half of this year as last year’s regulatory turmoil shows signs of receding.
- LinkDoc’s decision to abandon the U.S. probably owes to two major factors: its urgent need of cash and also its realization that it might need to get a data security review before making such a listing.
For further details see:
LinkDoc Formally Withdraws Its U.S. IPO. Next Stop, Hong Kong?