Bilibili arrives at the Hong Kong Stock Exchange

On March 23, 2021, Bilibili announced its IPO on the Hong Kong Stock Exchange. Based on information from CNBC, 25 million shares at a unit price of 808 Hong Kong dollars – or $ 104.6 per American depositary share (ADS) – must be issued. The Chinese company plans to raise $ 2.6 billion. This figure could be revised upwards in the event of the granting of an over-allotment option to investment banks. At that time, an additional 3.75 million shares would be issued.

Bilibili is currently listed in the United States on the Nasdaq. Over the past year, Bilibili’s stock has jumped by more than 400%. By going public in Hong Kong, the company is following in the footsteps of Alibaba, and Baidu, which are listed in both the United States and Hong Kong. The introduction is scheduled for March 29, 2021 and Bilibili will be registered under the code “9626”.

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Bilibili offers a video sharing site on anime, manga and video game fandom themes. The majority of the company’s revenue comes from mobile games and virtual gifts that users can give live to streamers.

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