Companies already listed on another major exchange can confidentially file for a secondary listing on Hong Kong’s stock exchange as a way to prevent a major impact on its share price. The filing is not public yet. Pricing details usually follow in the coming weeks. A Bilibili spokesperson was not immediately available when contacted by CNBC.
Bilibili will be the latest U.S.-listed Chinese firm to flock to Hong Kong for a secondary listing. Alibaba, JD.com and NetEase have all taken the same route over the last 14 months. Continued tensions between the U.S. and China have threatened Chinese firms listed on Wall Street. In December, President Donald Trump signed legislation that threatened to delist firms that don’t comply with American auditing standards.
Source: FXPro