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Beijing-based medical data company, LinkDoc Technology, has indefinitely postponed its IPO in light of heavy security crackdowns by Chinese regulators. Even though you won’t be able to buy LinkDoc Technology stock for the time being, you can invest in similar publicly-traded companies.
What we know about the LinkDoc Technology IPO
On July 8, 2021, LinkDoc Technology, a Chinese healthcare data company focused on oncology (cancer) patients, announced that it was postponing plans to go public in the US. The move comes after Chinese authorities began implementing tighter security regulations across the tech sector.
LinkDoc originally filed a prospectus with the US Securities and Exchange Commission (SEC) on June 14, 2021. You can view a more recent version of the document here.
The company planned to go public on the Nasdaq Global Select Market under the symbol “LDOC.” It had hoped to raise $200 million by selling 10.8 million American depositary shares at a proposed price of $17.50–$19.50 per share.
It’s believed that China’s tighter security rules stem in part from an unwillingness to comply with foreign investment regulations requiring data disclosure. A number of China-based companies’ plans to go public were affected by the security crackdown including Ant Group (owned by Alibaba founder, Jack Ma) and ride-sharing service, Didi Chuxing.
LinkDoc has not announced a future IPO date. We’ll update this page as more information becomes available.
Buy stocks in other medical data companies
Although you can’t buy LinkDoc Technologies stock, you can still invest in other publicly-traded healthcare data analytics companies.
| Company | Stock info |
|---|---|
| International Business Machines Corporation (IBM) | NYSE: IBM |
| Allscripts Healthcare Solutions, Inc. | Nasdaq Global Select Market: MDRX |
| Health Catalyst, Inc. | Nasdaq Global Select Market: HCAT |
| Cerner Corporation | Nasdaq Global Select Market: CERN |
| NextGen Healthcare, Inc. | Nasdaq Global Select Market: NXGN |
| TELUS Corporation | TSX: T |
| Vitalhub Corp. | TSX: VHI |
| CloudMD Software & Services Inc. | TSX Venture: DOC |
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