Historical Performance of Internet Companies Issuing Convertible Bonds

Over the past three years, stock prices fell an average of 8% on the first day after the announcement and 23% by the 30th day. $MEITUAN-W(03690.HK)$ , $TENCENT(00700.HK)$ , $NTES-S(09999.HK)$ , and $PDD Holdings(PDD.US)$ might follow suit, with Meituan and Tencent being the most likely to issue convertible bonds.