Bilibili snags $737m from ADS, convertible combo

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Bilibili snags $737m from ADS, convertible combo

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STOCKHOLM 2015-03-11 *For You Files* Interior of the Stockholm Stock Exchange, NASDAQ, OMX Group in Stockholm, Sweden. March 13, 2015. Foto: Fredrik Sandberg / TT / Kod 10180 | FREDRIK SANDBERG / TT/TT News Agency/Press Association Images

Streaming platform Bilibili pulled off a combined convertible bond and American Depository Share (ADS) placement this week, raking in $737.4m after the fundraising was increased following strong Asian demand. The deal comes just a week after its larger peer iQiyi sold a record ADS convertible. Jonathan Breen reports.

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