Chinese Firm LinkDoc Said to Halt U.S. IPO After Crackdown (1)

LinkDoc Technology Ltd. has halted plans for a U.S. initial public offering, people familiar with the matter said, the first known company to pull out of a debut after China’s government cracked down on overseas listings.

Market volatility has played a part in the postponement and the Beijing-based medical data company could revisit its listing plans when conditions improve, said one of the people, who asked not to be identified as the information is private.

LinkDoc was slated to price the offering on Thursday, which could have raised as much as $211 million. Morgan Stanley, Bank of America Corp. and ...