LinkDoc: LinkDoc Tech decides not to proceed with U.S. IPO

LinkDoc Technology Ltd., a Beijing-based healthcare technology company, on Monday pulled plans for an initial public offering on the Nasdaq to raise up to $243 million. LinkDoc cited current capital markets conditions. LinkDoc had planned to offer 49.8 million shares at a maximum price of $4.88 a share for trading under the symbol "LDOC" with underwriters Morgan Stanley, BofA Securities and CICC. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.