Nasdaq-listed Chinese video streaming firm Bilibili has reportedly confidentially filed for a secondary listing in Hong Kong, following the trend of big U.S.-listed Chinese companies like Alibaba and JD.com in making secondary listings in the city in an attempt to expand funding sources.
Bilibili submitted the application within the last few days, CNBC reported on Tuesday, citing a source familiar with the matter. Pricing details are expected to follow in the coming weeks.
Last week, CNBC reported that the Hong Kong listing could raise more than $2 billion for Bilibili, which is pumping money into its persistent effort to transform into a platform not only for animation fans, the initial users of its services, but also for moviegoers, gamers and merchants.
Bilibili had no immediate comment on the issue when contacted by Caixin.
In December, U.S. President Donald Trump signed legislation that threatened to delist companies that fail to meet American auditing standards.
– This article originally appeared on Caixin Global.
