Bilibili (BILI) said Wednesday it priced a $600 million convertible notes offering and a concurrent share offering to support hedging by certain investors.
The company said it priced $600 million in convertible senior notes due 2030, with a 30-day option for an additional $90 million. In tandem, it priced an offering of about 10.3 million borrowed Class Z ordinary shares at 140.10 Hong Kong dollars ($17.89) each, Bilibili said.
The shares are being offered by Goldman Sachs and Morgan Stanley to facilitate hedging by investors using convertible arbitrage strategies, Bilibili said, adding that it will not issue new shares or receive proceeds from the share sale.
The company plans to use part of the proceeds from the notes sale to repurchase its shares, which will then be cancelled.
Price: 18.19, Change: +0.04, Percent Change: +0.22
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。