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Chinese Firm LinkDoc Said to Halt U.S. IPO After Crackdown

  • Beijing-based firm was looking to raise up to $211 million
  • Postponement comes amid Beijing crackdown on overseas listings
Updated on

LinkDoc Technology Ltd. has halted plans for a U.S. initial public offering, people familiar with the matter said, the first known company to pull out of a debut after China’s government cracked down on overseas listings.

Market volatility has played a part in the postponement and the Beijing-based medical data company could revisit its listing plans when conditions improve, said one of the people, who asked not to be identified as the information is private.