China's top online platform for streaming animation --Bilibili-- is poised to go public later Wednesday and expects to raise 483 million US dollars in its U.S. initial public offering.

The website plans to price its sale of 42 million American depository shares at 11.5 dollars apiece, the midpoint of a marketed range. Shanghai-based Bilibili reported net revenues of 2.5 billion yuan in 2017, nearly five times the amount in 2016. But Bilibili still saw a net loss of 571 million yuan. Its valuation stands at about 3.2 billion dollars. Gaming, online streaming and advertisement are the main contributors to its revenues with gaming accounted for 83 percent of total revenues. The company had an average of 72 million monthly active users in the fourth quarter last year. About 82 percent of Bilibili's users were born from 1990 to 2009.