Goldman Sachs's Short Position In Bilibili Increases To 3.23% On Sept 16, HKEX Filing Shows

Bilibili (BILI) completed a $700M Eurobond offering with Goldman Sachs and Morgan Stanley as underwriters. The stock is down 41.07% YTD but has a 3-year total shareholder return of 12.61%. Analysts debate its valuation, with some seeing it as undervalued at $15.54 vs. a fair value estimate of $27, while others note its high P/E ratio of 28.4x.

Bilibili (9626.HK, BILI) is restructuring $700M capital, converting Tencent's 9.6% stake into convertible notes. Tencent will receive $200M in notes, sell shares, and Bilibili will repurchase shares to support its price. Bilibili's Q2 revenue rose 8% to 7.94B yuan, with net profit up 55% to 339M yuan. Nomura maintains a 'neutral' rating with a $18 price target.

Bilibili (BILI) issued $700M zero-coupon convertible notes due 2031, with Morgan Stanley and Goldman Sachs as underwriters. The notes may impact future dilution and balance sheet flexibility. Bilibili forecasts CN¥42.1B revenue and CN¥3.6B earnings by 2029, with a fair value of $27.27 vs. current $16.20 share price, suggesting 68% upside potential.

Tencent is converting its Bilibili equity into debt via a US$700M convertible bond deal. Tencent's subsidiary will invest US$200M in bonds, while Tencent sells 26.4M Bilibili shares for US$400M. Bilibili will use proceeds to buy back shares, aiming to stabilize its stock price. Bilibili's shares initially dropped 2.7% but closed up 2% in Hong Kong.

Bilibili (BILI, 9626.HK) priced $700M convertible notes due 2031, with Tencent subscribing $200M. Notes convert at HK$155.79/share, a 28.3% premium. Proceeds fund AI initiatives and share repurchases, including 20.4M shares from Tencent. Shares rose 3% on the news.

Bilibili announced a $700 million convertible note deal with Tencent, with up to $300 million allocated for share buybacks. The deal is conditional on shareholder approval and Tencent's subscription. This transaction could impact Bilibili's stock trading dynamics.