Chinese online entertainment platform Bilibili went public in the United States with shares trading on the Nasdaq for the first time Wednesday. The listing comes at a time of volatility for the US stock market when investors are concerned about a potential trade war between the US and China amid fears of inflation. Karina Huber has more from the Nasdaq on how Bilibili performed.

KARINA HUBER NEW YORK "Bilibili's Chief Financial Officer, Sam Fan, rings the opening bell at the Nasdaq MarketSite in New York where it launched its initial public offering on Wednesday morning. Shares were priced at 11 dollars and 50 cents, which was in the middle of its expected range of $10.50 to $12.50. There were 42 million shares sold, which means the company raised 483 million dollars in the offering - money that the CEO said is going to be used to hire more staff, increase their network capacity for streaming video and lure in more content makers. A couple of hours after the opening bell, shares began trading under the ticker BILI - the first trade came in at $9.80 - a bit of a disappointment as it was below its IPO price but the price gained a bit later in the trading session to close at 11 dollars and 24cents. I spoke to a trader at the New York Stock Exchange to get some feedback on the price action. This is what he had to say."

PETER COSTA PRESIDENT, EMPIRE EXECUTIONS "It's not good. And what we've seen over the past couple of weeks is there's been several Chinese issues that have come down and they've not met their initial IPO price so it just tells me that maybe the market for the Chinese stocks is a little weak for right now. I don't think it is overall but I do think at the moment they might be out of favor which is a shame because there are probably a lot of opportunities that are being missed."

KARINA HUBER NEW YORK "The opportunity with Bilibili, according to its prospectus, is to gain access to its 76 million monthly average users - most of them aged between 19 to 28 who largely engage with the platform to play mobile video games. While most of its revenue comes from role playing games, it plans on gaining more of its revenue from advertisers in the future. Its listing comes one day before iQiyi launches its IPO at the NASDAQ. The company known as the Netflix of China is expected to raise more than 2 billion dollars making it the biggest Chinese listing in the U.S. since Alibaba. All eyes will be on how it performs to get a gauge on US investor interest in Chinese tech companies in the current climate. Karina Huber, CGTN, New York."