A person familiar with the matter said such a plan is still under discussion and no decision has been made yet. Its revenue surged 89 percent to CNY942 million. According to Bloomberg, LinkDoc Technology Limited, a medical data platform company backed by Alibaba Group, plans to lead a 200 to 300 million financing round before its upcoming IPO in Hong Kong. In 2020, LinkDoc widened its net loss by 12 percent to CNY489 million (USD75.4 million) from 2019 due to its high research and development, as well as labor costs. But founder and Chief Executive Zhang Tianze has 19.7 percent of the equity, resulting in the biggest stake. Alibaba currently is the fifth-largest shareholder with its 8.4 percent stake in the IPO-hopeful. The latest one was in March, participated by the Hangzhou-based e-commerce giant. The startup has completed five rounds of financing. It had set up 34 service centers in 28 provinces with more than 400,000 registered patients by March. Alibaba's affiliate would spend USD25 million.įounded in 2014, LinkDoc offers its diagnostics and treatment information services to cancer patients in China via its online and offline platforms. LinkDoc Technology Ltd, a medical data company backed by a subsidiary of Alibaba Health Information Technology Ltd (0241.HK), filed for an initial public offering in the United States on Monday. The group includes Lake Bleu Capital, Temasek Holdings, UBS Asset Management, Hudson Bay Capital, and Sage Capital. Backed by Alibaba Health Information Technology Ltd, LinkDoc filed for its IPO last month and was due to price its shares after the U.S. Six investors, including Alibaba Health Hong Kong Technology, have expressed their intentions to buy nearly half of the shares before the IPO, the prospectus added. Underwriters may subscribe to an additional 1.6 million ADSs under a greenshoe option. 3 min read LinkDoc Technology, which is a China-based company that leverages sophisticated data technologies for oncology patients, was expected to pull off its IPO last.The oncology data platform will issue 10.8 million American depositary shares at a price range of USD17.50 to USD19.50, the Beijing-based firm said in its updated prospectus filed with the US Securities and Exchange Commission yesterday. (Yicai Global) July 2 - China's LinkDoc Technology, a medical data company invested by Alibaba Group Holding's healthcare arm, aims to raise up to USD243 million in its initial public offering on the Nasdaq.
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