What is the total amount Bilibili aims to raise in its Hong Kong listing?

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Bilibili Aims to Raise Up To US$3.2 Billion in Hong Kong Secondary Listing

Bilibili is seeking to raise as much as US$3.2 billion (approximately RM13.1 billion) through its secondary listing in Hong Kong. The company is offering 25 million shares as part of this offering, with the pricing expected on March 23.
Offering Details and Share Structure

The video-sharing platform plans to sell 25 million shares in its Hong Kong offering. For retail investors in Hong Kong, the maximum price per share is set at HK$988 (approximately RM524). The initial allocation for retail investors comprises 750,000 shares, with the remaining shares designated for institutional investors.
Company Background and User Base

Bilibili, which initially listed on the Nasdaq in 2018, has established a significant presence with nearly 200 million monthly users. The platform primarily attracts a young demographic drawn to its diverse entertainment content, including mobile games and live shows.
Use of Proceeds

The funds generated from this secondary listing are earmarked for strategic initiatives aimed at enhancing user growth and content development. A portion of the proceeds will also be allocated to research and development efforts intended to improve the overall user experience on the platform.

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What is the total amount Bilibili aims to raise in its Hong Kong listing?

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