not vested
Bilibili eyes second listing
by Avery Chen
Chinese video site Bilibili is considering a secondary listing in Hong Kong, Reuters reported citing two people with direct knowledge of the matter, joining other US-listed Chinese companies eyeing a return to the exchange closer to home amid Sino-US tensions.
The company, which is backed by Chinese tech giants Tencent (0700) and Alibaba (9988) and went public on Nasdaq in March 2018, has held preliminary talks with investment banks about the secondary listing prospect, the people said.
Bilibili, with a current market cap of US$16.2 billion (HK$126.36 billion), is mulling selling between 5 percent and 10 percent of its shares.
Bilibili will only be able to list in Hong Kong next year, however, as under the city's listing rules, it has to have a track record of at least two financial years of good regulatory compliance on another qualifying exchange. Bilibili declined to comment.
Source: Reuters
https://www.thestandard.com.hk/section- ... ake-debuts