Chinese Animation Streaming Platform Bilibili Heads for U.S. IPO

Bilibili, China’s leading video streaming platform specializing in animation, is headed for a North American share sale. The company aims to raise some $400 million in fresh capital. The disclosure comes only days after iQIYI, one of China’s leading video streamers, revealed details of its IPO on the NASDAQ exchange. In its filing with the U.S. Securities & Exchange Commission, Bilibili did not reveal the pricing or timing of its share sale. It showed Morgan Stanley, BofA Merrill Lynch and J.P. Morgan as book-runners on the sale. http://variety.com/2018/biz/asia/china-animation-platform-bilibili-heads-for-u-s-ipo-1202718011/