The company did not immediately respond to requests for comment.Ītour Lifestyle Holdings, a Chinese lifestyle brand and hotel operator under the Yaduo brand name, filed to go public on June 8, and could generate proceeds of US$286.3 million, according to Refinitiv. Private education services provider Golden Sun Education Group filed for an IPO on May 7, and could raise US$22.5 million in proceeds, according to Refinitiv.Įstablished in 1997 and headquartered in Shanghai, Golden Sun Education operates a premium primary private school and secondary private school, three tutorial centres for children and adults, one educational company that partners with high schools to offer language classes, and one logistics company that provides logistic services to its schools and tutorial centres. The company did not respond to requests for comments. The education provider, also known as Huohua Siwei in China, is the country's largest online small-class education company in terms of gross billings in 2020 and the number of students as of December 31, according to research firm China Insights Industry Consultancy. Tencent-backed Spark Education, which provides online education for K-12 students in China, filed for an IPO on the Nasdaq on June 21. Photo:Weibo alt=Spark Education (Huohua Siwei), which provides online education for K-12 students in China, filed for an IPO on the Nasdaq on June 21. Spark Education (Huohua Siwei), which provides online education for K-12 students in China, filed for an IPO on the Nasdaq on June 21. The oncology big data services provider has collaborated with over 330 hospitals, has over 39,000 registered physicians on its platforms and had cared for more than 3.5 million patients as of March 31.īeijing-based home cleaning services firm Daojia made a filing to the US Securities and Exchange Commission last Friday. LinkDoc has the largest online oncology physician and patient engagement community in China, according to Frost & Sullivan. The company was due to price its shares after the US market close on Thursday. Reuters reported on Thursday that the firm had shelved its listing plans in the US because of Beijing's clampdown on overseas listings by domestic firms, citing three unnamed sources. Here are 10 companies that plan to list in the US and could be affected.Īlibaba Health-backed medical data company LinkDoc Technology hopes to raise up to US$211 million in its IPO on the New York Stock Exchange, according to its filing on June 14. That came just days after the Cyberspace Administration of China (CAC) said it was conducting a review of Chinese ride-hailing giant Didi Chuxing's data collection policies on "national security" grounds and would carry out similar reviews of several Chinese tech companies that recently listed in the US.ĭo you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.
Several have already reportedly put their listing plans on hold in response to the crackdown.Ĭhina's State Council said late on Tuesday it would undertake a sweeping overhaul of its regulations on how companies raise capital both domestically and overseas, which could stymie the efforts of high-flying technology companies to access the American capital markets.
China's new IPO rules could hinder the plans of some Chinese companies hoping to raise funds in the US.
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