![]() ![]() ![]() It is the first of its major competitors, Ximalaya and Dragonfly, to go public (though. Morgan Stanley, Bank of America, and China International Capital Corp Ltd (CICC) were the investment banks on the deal. Morgan Stanley and Bank of America declined to comment, while CICC did not respond to a Reuters request for comment. US 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. SOURCES DIDI CHINABASED XIMALAYA LINKDOC IPOTIMES INSTALL But it would be short-sighted to believe that this is only relevant for big tech companies such as Alibaba and, most recently, Didi. So far this year, a record US$12.5 billion by Chinese firms has been raised from 34 US listings, Refinitiv data shows, well up from the US$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 US later this year, a review of the filings showed. HONG KONG, July 8 (Reuters) - Chinese medical data group LinkDoc Technology Ltd LDOC.O has shelved plans for an IPO in the United States due to Beijing's clampdown. SOURCES DIDI CHINABASED XIMALAYA LINKDOC IPOTIMES INSTALL make it more difficult to raise funds overseas, ' he said.
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