![]() LinkDoc function provides a higher level interface to these records than can. Underwriting the deal is Morgan Stanley, BofA Securities, and CICC. If the replacement field is a date or numeric field, GoldMine will convert. The company expects to float its American depositary shares on the Nasdaq Global Select Market under the symbol "LDOC." LinkDoc set $100 million as its IPO target the exact terms of the deal are yet to be announced. Another backer in LinkDoc is an affiliate of Singapore's Temasek Holdings. (HKEX: 0241), which held 8.4% in the company as of the date of the prospectus. 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. LinkDoc counts among its investors Alibaba Health Information Technology Ltd. He had also founded Truststone, which provided pharmaceutical and medical institutions with hospital infosystems. The seven-year-old platform is led by Tianze Zhang, who previously worked at Chinese tech conglomerates Tencent (HKEX: 0700 OTC: TCEHY) and Alibaba. ![]() The company said it intends to use the proceeds from the IPO to boost R&D, bring more oncologists, data scientists and other experienced professionals onboard, expand its patient care center network and service offerings, and pursue potential strategic investments and acquisitions. In the three months through March 2021, LinkDoc had $34.1 million in revenues on losses of $20.7 million. To that end, the IPO/SPAC Tracker finds that announcements of banking-related listings stood at 37 year-to-date. Net loss widened 12% to $72.6 million, according to the filing. In 2020, LinkDoc booked $143.7 million in revenues, up 89% year-over-year. As it said in the prospectus, filed Monday, this consists of "LinkCare, a digital continuous care platform for patients with critical diseases, LinkData, an AI-enabled curation system for longitudinal medical data, and LinkSolutions, a data-driven precision life sciences solution platform that helps life sciences companies accelerate clinical research and real-world evidence adoption." According to Frost & Sullivan, the company operates China's largest data-driven digital infrastructure for precision medicine. ![]() LinkDoc Technology Ltd., backed by the health unit of Alibaba Group (NYSE: BABA HKEX: 9988), has filed for an initial public offering in New York.īased in Beijing, LinkDoc is a healthcare technology company focusing on oncology.
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