LinkDoc IPO taps China’s growing demand for quality medical services

LinkDoc IPO taps China’s growing demand for quality medical services

Photo: National Cancer Institute / Unsplash.com

Money-losing medical services provider LinkDoc Technology Ltd. has filed for a New York IPO, becoming the latest in a new generation of Chinese companies trying to tap demand for higher quality health care services to supplement the basic care received under the country’s national health plan.

LinkDoc, whose backers include e-commerce giant Alibaba’s separately listed Alibaba Health Information Technology Ltd., set a preliminary fundraising target of about $100 million for the listing, according to its prospectus filed with the U.S. securities regulator on Friday. Such figures are frequently referred to as “placeholders,” and are usually raised or lowered based on how well investors receive the offering.

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