China's Bilibili launches $575 million convertible notes offering
21/05/2025 11:21
May 21 (Reuters) - China's online video-sharing platform Bilibili 9626.HK said on Wednesday it is offering up to $575 million worth of convertible notes to raise money to develop its content ecosystem. The company said the offering will include $500 million of convertible senior notes due 2030, with an option to purchase a further $75 million worth. The funds will facilitate user growth, building intellectual property and also fund the repurchase of some of class Z shares, Bilibili said. Goldman Sachs, Morgan Stanley, JP Morgan and UBS are acting as the joint bookrunners for the senior notes offering. (Reporting by Sneha Kumar in Bengaluru; Editing by Savio D'Souza) ((Sneha.Kumar@thomsonreuters.com;))
Recent news on Bilibili
See all newsBrief: Blackrock’S Long Position In Shares Of Bilibili Decreases To 4.91% On June 5 From 5.41%, Says HKEX
Brief: Goldman Sachs' Short Position In Bilibili Decreases To 3.97% On May 27 From 4.54%, HKEX Says
China's Bilibili Q1 revenue rises on advertising growth
Brief: JPMorgan Chase & Co's Long Position In Bilibili Increased On April 9, HKEX Filing Shows
Bilibili's HK stock at 2-month low on AI investment concern