Bilibili: dual main listing on the Hong Kong Stock Exchange and the US Nasdaq

IT House news on May 2nd, tonight, station B issued an announcement on the Hong Kong Stock Exchange, saying that it has applied to the Hong Kong Stock Exchange for the proposed conversion, and on April 29, 2022, the company will accept the proposed conversion application. Confirmation to the Stock Exchange. The effective date is expected to be October 3, 2022. After the Effective Date, the Company will be dually listed on the Hong Kong Stock Exchange and Nasdaq in the United States.

Bilibili has been listed on Nasdaq (stock code: BILI) since March 2018, and has been listed on the Stock Exchange as a non-exempt Greater China issuer under Chapter 19C of the Listing Rules since March 2021. The second listed company (stock code: 9626).

The official stated that considering the significant growth in the trading volume of the Company’s shares on the Hong Kong Stock Exchange since its secondary listing in Hong Kong, the connection between Hong Kong and the Company’s main business operations in China, and the Company’s long-term business development and prospects (including but not limited to further broadening the investor base in China), the Company announced on March 16, 2022 that the Board of Directors has approved the motion for the proposed conversion, and authorized the senior management of the Company to carry out relevant preparations and Take the necessary procedures to complete the proposed conversion, i.e.Voluntary conversion of its secondary listing in Hong Kong to a primary listing on the Stock Exchangeincluding removing the stock symbol “S” from its stock short name on the effective date.

IT House reported earlier that, according to officially disclosed information, Bilibili’s first quarter of 2022Average monthly active users were 293.6 million, a year-on-year increase of 31.5%. Average daily active users were 79.4 million, a year-on-year increase of 32.0%.In the first quarter, the average daily usage time of a single user reached 95 minutes, reaching the highest record since the operation of the company.