Exhibit 99.1
Bilibili Inc. Announces Completion of Offering of American Depositary Shares
SHANGHAI, April 8, 2019—Bilibili Inc. (NASDAQ: BILI) (“Bilibili” or the “Company”), a leading online entertainment platform for young generations in China, today announced the completion on April 5, 2019 of the offering of 14,173,813 American depositary shares (the “ADSs”), which included the exercise in full by the underwriters of their option to purchase up to an additional 2,700,000 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 completed the offering of 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 also completed the concurrent offering of US$500 million in aggregate principal amount of convertible senior notes due 2026 (the “Notes”), which included the exercise in full by the initial purchasers of their option to purchase up to an additional US$70 million aggregate principal amount of the Notes (the “Notes Offering”) on the same day. The Notes were offered to qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and certain persons in offshore transactions in reliance on Regulation S under the Securities Act.
Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC acted as the joint book-running managers for the ADS Offering.
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.
The ADSs have been 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 has been 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.
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.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Bilibili may also make written or oral forward-looking statements in its periodic reports to
