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China's Bilibili launches $575 million convertible notes offering
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China's Bilibili launches $575 million convertible notes offering
May 26, 2025 11:28 AM

May 21 (Reuters) - China's online video-sharing platform

Bilibili ( BILI ) said on Wednesday it is offering up to $575

million worth of convertible notes to raise money to develop its

content ecosystem.

The company said the offering will include $500 million of

convertible senior notes due 2030, with an option to purchase a

further $75 million worth.

The funds will facilitate user growth, building intellectual

property and also fund the repurchase of some of class Z shares,

Bilibili ( BILI ) said.

Goldman Sachs, Morgan Stanley, JP Morgan and UBS are acting

as the joint bookrunners for the senior notes offering.

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