Here are 10 companies that have filed for IPO in the US – will their listing plans be scuppered by China’s crackdown?

Beijing said this week it would undertake a sweeping overhaul of its regulations on how companies raise capital both domestically and overseas

That came days after the Cyberspace Administration of China said it was reviewing Chinese ride-hailing giant Didi Chuxing’s data collection policies

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China’s new IPO rules could hinder the plans of some Chinese companies hoping to raise funds in the US. Photo: Reuters

Published: 11:30pm, 9 Jul 2021Updated: 1:32am, 10 Jul 2021

China’s new IPO rules could hinder the plans of some Chinese companies hoping to raise funds in the US. Several have already reportedly put their listing plans on hold in response to the crackdown.

China’s State Council said late on Tuesday it would undertake a sweeping overhaul of its regulations on how companies raise capital both domestically and overseas, which could stymie the efforts of high-flying technology companies to access the American capital markets.

That came just days after the Cyberspace Administration of China (CAC) said it was conducting a review of Chinese ride-hailing giant Didi Chuxing’s data collection policies on “national security” grounds and would carry out similar reviews of several Chinese tech companies that recently listed in the US.

Here are 10 companies that plan to list in the US and could be affected.

LinkDoc Technology

Alibaba Health-backed medical data company LinkDoc Technology hopes to raise up to US$211 million in its IPO on the New York Stock Exchange, according to its filing on June 14.

Reuters reported on Thursday that the firm had shelved its listing plans in the US because of Beijing’s clampdown on overseas listings by domestic firms, citing three unnamed sources. The company was due to price its shares after the US market close on Thursday.

Here are 10 companies that have filed for IPO in the US – will their listing plans be scuppered by China’s crackdown?

Beijing said this week it would undertake a sweeping overhaul of its regulations on how companies raise capital both domestically and overseas That came days after the Cyberspace Administration of China said it was reviewing Chinese ride-hailing giant Didi Chuxing’s data collection policies

LinkDoc Technology

Beijing said this week it would undertake a sweeping overhaul of its regulations on how companies raise capital both domestically and overseas

That came days after the Cyberspace Administration of China said it was reviewing Chinese ride-hailing giant Didi Chuxing’s data collection policies