Chinese medical services provider LinkDoc looks to raise $210m in Nasdaq IPO

Photo: Vault Dragon website

Beijing-based medical services provider LinkDoc Technology is planning to raise up to $210 million in its planned Nasdaq IPO, as the US toughens auditing standards for foreign firms listed in the country.

LinkDoc, backed by a subsidiary of Alibaba Health Information Technology, said that it will sell 10.8 million American depositary shares (ADSs) priced between $17.50 and $19.50, according to an amended prospectus it submitted to the U.S. Securities and Exchange Commission (SEC) on Thursday [July 1].

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