exchanges have long been popular listing venues for Chinese tech firms attracted by deep liquidity, high valuations, easier profitability rules and prestige. Financial Times: Sources: after the Didi crackdown, China-based fitness app. Several big U.S.-listed Chinese companies, however, including internet giants Alibaba and Baidu, have issued shares in Hong Kong in the past two years. on Friday, after applying for a listing in the country in April earlier this year. regulators will potentially gain greater access to audit documents of New York-listed Chinese companies.Ī record $12.5 billion, in 34 deals, has been raised so far in 2021 from Chinese firms listing in the United States, Refinitiv data shows, including Didi, which started trading on June 30. Sep 10, 2021, 15:23pm Pandaily According to documents produced by the United States Securities and Exchange Commission (SEC), Chinese streaming platform Ximalaya requested to withdraw its initial public offering (IPO) plan in the U.S. Sources: after the Didi crackdown, China-based health app Maintain, podcasting platform Ximalaya, medical knowledge analytics startup LinkDoc pause their US IPO. listing plans and opt for Hong Kong instead, with one source at the time citing Beijing's growing concerns that U.S. On May 12, LinkDoc was reported to be planning an IPO, cooperating with Bank of America, CICC and Morgan Stanley, possibly raising about 500 million in the process. In May, Reuters reported that Beijing was pressing audio platform Ximalaya to drop U.S. On May 1, Ximalaya submitted an IPO application to the SEC, with Goldman Sachs, Morgan Stanley, Bank of America and CICC acting as joint underwriters. auditing standards for three straight years. exchanges if they fail to comply with U.S. auditing standards, a move aimed at removing Chinese firms from U.S. The company did not immediately respond to requests for comment.tour Lifestyle Holdings, a Chinese lifestyle brand and hotel operator under the Yaduo brand. exchanges if they did not comply with U.S. 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 on overseas listings by domestic. Chinese fitness app Keep, podcasting platform Ximalaya, medical solution provider LinkDoc reportedly canceled their US IPO plans after Didi debacle.Details: Keep did not go ahead with its planned public filing while its bankers at Morgan Stanley canceled marketing meetings with investors this week, Financial Times reported, citing people familiar with the matter. platform Ximalaya, medical data analytics startup LinkDoc pause their US.

On the same day, Reuters reported that LinkDoc, a Chinese medical technology company, had also shelved its IPO plan. securities regulator began a rollout of rules to exclude foreign companies from U.S. Social Secret Sources: after the Didi crackdown, China-based fitness app Keep. 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.

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