Bilibili tees up $614m fundraising from CB, equity combo
Nasdaq-listed Chinese streaming platform Bilibili has opened books for a concurrent convertible bond and placement of American Depository Shares, eyeing combined proceeds of up to $614m.
The issuer is backed by internet giant Tencent Holdings and Taobao China Holding, a leading Chinese e-commerce company wholly-owned by Alibaba Group Holding. Tuesday’s trades are Bilibili’s third visit to the market since listing in early 2018.For both the CB and placement the issuer has appointed Morgan ...
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