![]() ![]() ![]() That was soon followed with an order for Didi's app be removed from app stores. In 2021, monthly active users reached 268 million. It is the first Chinese firm known to have pulled back from IPO plans since China's cybersecurity regulator toughened its approach to oversight last week with an investigation into ride-hailing giant Didi Global Inc just two days after its New York debut. Ximalaya is a popular online audio sharing platform in China. LinkDoc Technology, a medical data solutions provider and Ximalaya, China’s biggest podcast platform. #Didi chinabased ximalaya linkdoc us ipotimes series#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. Meanwhile, the seven English audiobooks of the Harry Potter series will also go online on Ximalaya on June 21, bringing more choices for listeners. It is the latest Chinese tech company to postpone its US initial public offering plans. 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. Morgan Stanley and Bank of America declined to comment, while CICC did not respond to a Reuters request for comment. Morgan Stanley, Bank of America, and China International Capital Corp Ltd (CICC) were the investment banks on the deal. stock market to tap deep-pocketed investors, raising more than 100 billion in first-time share sales over the past two. 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. LinkDoc did not immediately respond to a request for comment. Chinese companies in need of capital have long headed to the U.S. The sources declined to be identified as the information has not yet been made public. ![]() The book closed one day earlier than planned on Wednesday, one of the three sources and a separate person said. It had planned to sell 10.8 million shares between US$17.50 and US$19.50 each. ![]()
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