Exhibit 99.1
Bilibili Inc. Prices Offering of American Depositary Shares
SHANGHAI, April 3, 2019—Bilibili Inc. (NASDAQ: BILI) (“Bilibili” or the “Company”), a leading online entertainment platform for young generations in China, today announced the pricing of the offering of 11,473,813 American depositary shares (the “ADSs”), each representing one Class Z ordinary share of the Company (the “Primary ADS Offering”), at US$18.00 per ADS. In addition, certain selling shareholders are offering 6,526,187 ADSs of the Company (the “Secondary ADS Offering” and, together with the Primary ADS Offering, the “ADS Offering”) at the same price. The Company will grant the underwriters in the ADS Offering a30-day option to purchase up to an additional 2,700,000 ADSs.
The Company also priced the concurrent offering of US$430 million in aggregate principal amount of convertible senior notes due 2026 (the “Notes”) (the “Notes Offering”). The Company has granted the initial purchasers in the Notes Offering a 30-day option to purchase up to an additional US$70 million principal amount of the Notes. The closing of the ADS Offering is not contingent upon the closing of the Notes Offering, and the closing of the Notes Offering is not contingent upon the closing of the ADS Offering.
Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are acting as the joint book-running managers for the ADS Offering.
The ADSs are offered under the Company’s shelf registration statement on FormF-3 (the “FormF-3”) which was filed with the Securities and Exchange Commission (the “SEC”) and automatically became effective on April 1, 2019. The ADS Offering is being made only by means of a prospectus supplement and an accompanying prospectus included in the FormF-3. The registration statement on FormF-3 and the prospectus supplement are available at the SEC website at:http://www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus may be obtained from (1) Morgan Stanley & Co. LLC, Prospectus Department, 2nd Floor, 180 Varick Street, New York, NY, 10014, United States of America, or by calling1-866-718-1649, or by email at prospectus@morganstanley.com; (2) Credit Suisse Securities (USA) LLC, Attention: Prospectus Department at 11 Madison Avenue, New York, NY 10010-3629, United States of America, or by calling1-800-221-1037, or by email at usa.prospectus@credit-suisse.com; and (3) J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, United States of America, or by calling1-866-803-9204.
The Company plans to use the net proceeds from the Primary ADS Offering and the concurrent Notes Offering for enriching content offerings, investing in research and development, and other general corporate purposes.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
This press release contains information about the pending offerings of the ADSs and the Notes, and there can be no assurance that any of the offerings will be completed.
