Bilibili Inc. Raises $678.1 Million Through Convertible Notes Offering

Bilibili, Inc. Class Z ( (HK:9626) ) has shared an announcement.

Bilibili Inc. announced the successful exercise of an option by initial purchasers to buy an additional US$90 million in convertible senior notes, raising total net proceeds of US$678.1 million. The funds will be used to enhance Bilibili’s content ecosystem, improve monetization efficiency, and support its share repurchase program, potentially impacting its market position and shareholder value.

The most recent analyst rating on (HK:9626) stock is a Buy with a HK$122.00 price target. To see the full list of analyst forecasts on Bilibili, Inc. Class Z stock, see the HK:9626 Stock Forecast page.

More about Bilibili, Inc. Class Z

Bilibili Inc. is a company incorporated in the Cayman Islands with limited liability, known for its focus on enhancing its content ecosystem to facilitate user growth and IP asset creation. The company operates in the digital entertainment industry, aiming to improve monetization efficiency and support its share repurchase program.

Average Trading Volume: 5,805,650

Technical Sentiment Signal: Buy

Current Market Cap: HK$57.83B

For detailed information about 9626 stock, go to TipRanks’ Stock Analysis page.