Bilibili Inc. Announces Proposed Offering of 10,554,000 American Depositary Shares

Apr 01, 2019

SHANGHAI, April 01, 2019 (GLOBE NEWSWIRE) -- Bilibili Inc. (NASDAQ: BILI) (“Bilibili” or the “Company”), a leading online entertainment platform for young generations in China, today announced the commencement of the offering of 10,554,000 American depositary shares (the “ADSs”), each representing one Class Z ordinary share of the Company (the “Primary ADS Offering”). In addition, certain selling shareholders are offering 6,526,187 ADSs of the Company (the “Secondary ADS Offering” and, together with the Primary ADS Offering, the “ADS Offering”). The Company intends to grant the underwriters in the ADS Offering a 30-day option to purchase up to an additional 2,562,028 ADSs.

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