Bilibili (BILI) Announces 15.34M ADS Offering, Proposed Notes Repurchases
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Bilibili Inc. Announces Proposed Notes Repurchases and Equity Offering
January 9, 2023 6:15 AM ESTSHANGHAI, China, Jan. 09, 2023 (GLOBE NEWSWIRE) -- 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 that it commenced an underwritten 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). The Company proposes to issue the ADSs partially in exchange for (the Notes Exchange) an aggregate principal amount of at least US$269.3 million of its outstanding 0.50% convertible senior notes due December 2026 (the Exchange Notes) to be... More
