The Bilibili booth is pictured during the 2019 Yangtze River Delta International Cultural Industries Expo at National Exhibition and Convention Center on November 21, 2019 in Shanghai, China.GUANGZHOU, China — Shares of Chinese video and gaming company Bilibili opened lower on the first day of trading in Hong Kong on Monday.Bilibili shares opened at 790 Hong Kong dollars, falling by 2.2%.
Bilibili is already listed on the Nasdaq in the U.S. and this was its secondary listing, when the company issues shares on another stock exchange. Unlike initial public offerings where companies issue shares for the first time, secondary listings don't usually see huge price movements on the first day.
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