Bili­bili to raise $483 mil­lion from float

China Daily European Weekly - - BUSINESS -

Bili­bili Inc, China’s top on­line platform for stream­ing an­i­ma­tion, is poised to raise $483 mil­lion (62.4 mil­lion eu­ros; £54.6 mil­lion) in its US ini­tial pub­lic of­fer­ing, ac­cord­ing to sources with knowl­edge of the mat­ter. The website op­er­a­tor plans to price its sale of 42 mil­lion Amer­i­can de­pos­i­tory shares at $11.50 apiece, the mid­point of a mar­keted range, the sources said, ask­ing not to be iden­ti­fied be­cause the in­for­ma­tion is still pri­vate.

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