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Bloomberg
Bilibili, China’s top online platform for streaming Japanese animation, is planning a US initial public offering that could raise at least $200 million, according to people with knowledge of the matter.
The website operator aims to list in New York as soon as next year, the people said, asking not to be identified because the information is private.
Bilibili hosts
anime titles including “Boruto: Naruto Next Generations,†based on a sequel to the New York Times bestselling manga series about ninjas that teleport across dimensions.
US first-time share sales from Chinese companies have already raised $1.3 billion this year, nearly triple the same period in 2016, according to data compiled by Bloomberg. Four of the five such deals this year over $100 million are trading above offer price, including last month’s IPO from Zai Lab Ltd., which has risen 71 percent, the data show. Baidu’s iQiyi unit is targeting a US offering as soon as next year in a deal that could value the online video service at more than $8 billion, people familiar with the matter said.