Alibaba Health-backed LinkDoc plans $ 500 million in IPO

Alibaba Health-backed LinkDoc plans $ 500 million in IPO

LEARN MORE Before it’s here, it’s on the Bloomberg Terminal. Source

Yidu Tech Inc., which also operates a medical data platform using artifiical intelligence and big data, raised $610 million in a Hong Kong IPO in January. Its share price has climbed about 43% since the listing. LinkDoc, founded in 2014, provides cancer focused health-care services built on big data and artificial intelligence, its website shows. Its investors include Alibaba Health Information Technology Ltd., according to a China Daily report, as well as Ally Bridge Group and CBC Capital.

— With assistance by Vinicy Chan, Dong Cao, and Julia Fioretti Deliberations are ongoing and the fundraising size and timing may change, according to the people. A representative for LinkDoc could not immediately comment. Representatives for Bank of America, CICC and Morgan Stanley declined to comment.

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