Bilibili IPO: Shares in roller-coaster trade on Nasdaq
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Turning to the online sector now. Chinese video game company Bilibili's share price stabilised early Thursday after a roller-coaster run in its Nasdaq debut. Bilibili's share price stood at 11.60 dollars prior to Thursday trading in New York. The company went public in the United States with shares debuting on the Nasdaq on Wednesday. Bilibili opened trading at 9.80 U.S. dollars per share on Wednesday, erasing nearly 15 percent from its pricing. It traded at 10.6 dollars apiece around midday and closed at 11.24 dollars Wednesday afternoon in New York. Bilibili priced its IPO of 42 million American depositary shares (ADSs), at 11.50 U.S. dollars per ADS for a total offering of approximately 483 million dollars.