The online entertainment platform, which counts Tencent and Legend Capital among its investors, priced its initial public offering in the middle of its range.
Bilibili, a China-based online entertainment platform backed by internet group Tencent and mobile game developer FingerFun, raised $483m when it floated in the US yesterday.
The company priced 42 million American depositary shares at $11.50 each, in the middle of its $10.50 to $12.50 range, equating to a $3.19bn market cap. Its stock opened at $9.80 yesterday on the Nasdaq Global Select Market and closed at $11.24.
Bilibili operates an online platform focused on anime, comics and gaming that…
