Chinese online video streaming company Bilibili Inc. launched on the Nasdaq market Wednesday, having raised roughly US$483 million at a valuation of more than US$3 billion. It marks the fourth Chinese company to list shares in the U.S. in a week, raising close to a billion dollars in aggregate despite extreme market volatility. Self-described as the “largest online entertainment platform for Generation Z in China,” Bilibili’s American depository shares (ADS) were priced at US$11.50, but traded as low as US$9.62 in …

China’s Bilibili Launches On Nasdaq At $3B Valuation Despite Market Volatility appeared first on China Money Network.


Visit the original source and full text: China Money Network