What's Going On With Bilibili (BILI) Stock Today - Bilibili (NASDAQ:BILI)

Bilibili Inc BILI priced 15.34 million American depositary shares at $26.65 per ADS (or $408.9 million) to repay $384.8 million of its outstanding 0.50% convertible senior notes due December 2026.
The offer price implied a 7% discount to Bilibili's January 6 closing price of $28.65
Bilibili's shares were worth $439.6 million based on the January 6 closing price.
Also Read: Bilibili Lets Go Of 30% Staff As Slowdown Hurts Operations
Goldman Sachs will use the offering proceeds to fund the aggregate purchase price of the exchange notes payable by Goldman Sachs.
Concurrently with the offering, Goldman Sachs plans to enter into separate and individually negotiated agreements to purchase the exchange notes for cash.
Bilibili held $1.73 billion in long-term debt and $0.77 billion in cash and equivalents as of September 30.
Price Action: BILI shares traded lower by 5.78% at $27 on the last check Monday.

Momentum95.75

Growth82.10

Quality-

Value53.05

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Bilibili Raises $409M Via Secondary Equity Offering At 7% Discount