Bilibili Announces $700M Convertible Note Offering, Stock Gains on Financing and Share Repurchases
Bilibili Inc. said it will issue $700 million of convertible senior notes due 2031, with Tencent subscribing for $200 million. The offering includes an initial conversion rate equal to roughly HK$155.79 per Class Z ordinary share, a conversion premium of about 28.3% versus the Sept. 4, 2026 Hong Kong close. Bilibili plans to use proceeds for stock …