![]() Shanghai-based Ximalaya, which filed publicly for the U.S. Linkdoc, which is backed by Alibaba Health Information, had been due to price the deal today, determining how much money it would raise. IPO in late April, has started pre-marketing the float since early May and looked to raise about $500 million, said two of the sources. market debut of Chinese ride-hailing operator Didi Global, which raised 4.4 billion in one of corporate China’s biggest New York IPOs in years, was rocked by intervention by Beijing. Sources: Didi Chuxing may raise 500m for self-driving unit ahead of IPO 11 months ago Didi Autonomous Driving is reportedly looking to rake in up to US500 million in the potential raise at a valuation of around US6 billion. The potential change of venue comes as China further tightens its ideological grip on private media and internet businesses amid China-U.S. HONG KONG China’s largest online audio platform Ximalaya will file for its Hong Kong initial public offering (IPO) next week after dropping its plans to list in the United States, according. On May 1, Ximalaya submitted an IPO application to the SEC, with Goldman Sachs, Morgan Stanley, Bank of America and CICC acting as joint underwriters. Ximalaya Inc., a nine-year-old company whose name in Chinese means Himalayas and is known for its audiobooks and podcasts, in April filed a draft prospectus for a U.S. tensions.Ĭhina's ruling Communist Party (CCP) has long maintained a tight grip over ideology and propaganda, especially over state media which it can use to assert its authority. On May 12, LinkDoc was reported to be planning an IPO, cooperating with Bank of America, CICC and Morgan Stanley, possibly raising about 500 million in the process. ![]() "Domestic regulators have become more uncomfortable with Chinese media, content firms which operate in the country and obtain voluminous user data, but are incorporated offshore and now seek overseas listings," one of the sources said.Īnother of the sources said that the Ximalaya move also comes amid Beijing's growing concerns that U.S. ![]()
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