Podcast Leader Ximalaya Mounts New IPO Bid Closer to Home in Hong Kong

Company could be valued at around $3 billion when it floats shares, following the official scrapping of its original New York listing plan Key points: Ximalaya’s ditching of its New York listing plan in favor of Hong Kong could mark the start of a new trend for Chinese tech firms that previously favored the U.S. Company could be valued at a relatively high level due to its dominant position with more than two-thirds of the Chinese podcast market By Doug Young What will happen to the roughly half-dozen Chinese IPOs…

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Medical Data Collector LinkDoc Could Face Cash Crunch After IPO Withdrawal

Oncology-focused information provider’s 12-month operating plan had included $200 million in IPO funds that it will no longer have Key points:  LinkDoc has indefinitely shelved its $211 million IPO, with no word on when or if it will eventually proceed Company had estimated IPO funds, combined with current cash and cash flow, would be enough to meet its needs for at least 12 months By Richard Barbarossa Chinese oncology-focused medical data firm LinkDoc Technology Ltd., which is backed by e-commerce giant Alibaba, was looking forward to marking a major milestone…

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