Yeah, this is one of those things that can potentially change a landscape.

Yesterday, Chinese streaming service Bilibili filed with the SEC for an initial public offering (IPO). According to the filing, the streaming giant aims to raise up to $400 million through the IPO.

In October 2017, we reported that Bilibili was mulling an IPO in the United States, and that sources familiar with the matter predicted possible movement in early 2018. At the time, financial publication Bloomberg predicted that Bilibili’s debut “could raise at least $200 million.”

Bilibili is China’s biggest anime streaming provider, dwarfing behemoths iQIYI and Tencent in the category. The platform offers both paid and ad-supported models, as is typical of the Chinese streaming market.

The platform grew immensely between January 2015 and July 2017, during which it added over 300 new anime titles. This includes simulcasts of current shows, including Mr. Osomatsu 2 and Himouto! Umaru-chan R. During the two-year period, Bilibili invested in over twenty anime projects, including Space Patrol Luluco and Akiba’s Trip: The Animation.

Last year, the platform picked up the Chinese digital rights to hit film Your Name..

Baidu-owned iQIYI is also launching on the US stock exchanges, with a potential valuation of $8 billion at launch.

According to Bloomberg, share offerings in the United States by Chinese firms are rebounding after a drop-off in 2016. Four out of five companies that raise over $100 million have seen shares rise after the IPO.

Sources: NASDAQ, Techmeme (Thanks to Joe Ortiz for the tip!)