Bilibili Inc. Announces Proposed Notes Repurchases and Equity Offering

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Bilibili (BILI) Prices Notes Repurchases, Equity Offering

January 9, 2023 9:15 AM EST

Bilibili Inc. (NASDAQ: BILI and HKEX: 9626) (Bilibili or the Company), an iconic brand and a leading video community for young generations in China, today announced the pricing of the offering of 15,344,000 American depositary shares (the ADSs), each representing one Class Z ordinary share, par value US$0.0001 per share, of the Company (the ADS Offering), at US$26.65 per ADS. The Company entered into an equity underwriting and notes exchange agreement with Goldman Sachs (Asia) L.L.C. (Goldman Sachs) dated January 9, 2023 in relation to the Companys issuance of ADSs partially in exchange for (the Notes Exchange) an aggregate principal... More