KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ), a
leading online recruitment platform in China, today announced the
pricing of its initial public offering of 48,000,000 American
Depositary Shares ("ADSs"), at US$19.00 per ADS, for a total
offering size of US$912.0 million, assuming the underwriters do not
exercise their option to purchase additional ADSs. Each ADS
represents two Class A ordinary shares of the Company. The ADSs
have been approved for listing and are expected to begin trading on
the Nasdaq Global Select Market today under the symbol “BZ”. The
offering is expected to close on June 15, 2021, subject to
customary closing conditions.
The Company has granted the underwriters an
option, exercisable within 30 days from the date of the final
prospectus, to purchase up to an aggregate of 7,200,000 additional
ADSs at US$ 19.00 per ADS.
Goldman Sachs (Asia) LLC, Morgan Stanley &
Co. LLC and UBS Securities LLC (names in alphabetical order) are
acting as the lead joint book-running managers and representatives
of the underwriters for the offering. China Renaissance Securities
(Hong Kong) Limited and Haitong International Securities Company
Limited are acting as the joint book-running managers for the
offering. Futu Inc. and Tiger Brokers (NZ) Limited are acting as
the co-managers for the offering.
A registration statement related to the ADSs
being sold in this offering has been filed with, and declared
effective by, the United States Securities and Exchange Commission.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
This offering is being made only by means of a
prospectus forming a part of the effective registration statement.
A copy of the final prospectus relating to the offering may be
obtained, when available, by contacting the following underwriters:
(1) Goldman Sachs (Asia) L.L.C. Attention: Prospectus Department,
200 West Street, New York, NY 10282-2198, U.S.A., by calling +1
(212) 902-1171, or by email at prospectus-ny@ny.email.gs.com; (2)
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York, NY 10014, U.S.A., by calling +1
(212) 761-6006, or by email at prospectus@morganstanley.com; (3)
UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue
of the Americas, New York, NY 10019, U.S.A., by calling +1 (888)
827-7275 or by email at ol-prospectus-request@ubs.com; (4) China
Renaissance Securities (Hong Kong) Limited, Attention: ECM, Units
8107-08, Level 81, International Commerce Centre, 1 Austin Road
West, Kowloon, Hong Kong, by calling +852 2287-1600, or by email at
dl-crsyndicate@chinarenaissance.com; (5) Haitong International
Securities Company Limited, Attention: Equity Capital Markets, 22/F
Li Po Chun Chambers, 189 Des Voeux Road Central, Hong Kong, or by
calling +852 2848-4373; (6) Futu Inc., Attention: ECM, 720
University Avenue, Suite 100, Palo Alto, CA 94301, U.S.A., by
calling +1 (650) 798-5700, or by email at ipo@fututrade.com; (7)
Tiger Brokers (NZ) Limited, Attention: Vincent Cheung, Level 16,
191 Queen Street, Auckland Central, New Zealand, 1010, by calling
+64 93-938-128, or by email at info_nz@tigerfintech.com.
About BOSS Zhipin
BOSS Zhipin (Nasdaq: BZ) is the largest online
recruitment platform in China, in terms of average MAU in 2020.
Established seven years ago, the Company connects job seekers and
enterprise users in an efficient and seamless manner through its
highly interactive mobile app, a transformative product that
promotes two-way communication, focuses on intelligent
recommendations, and creates new scenarios in the online recruiting
process.
BOSS Zhipin has achieved full coverage of users
and served a full spectrum of employers. As of March 31, 2021, it
had 85.8MM verified job seekers and 13.0MM verified enterprise
users, generating an MAU of 30.6MM in March 2021. Benefiting from
its large and diverse user base, BOSS Zhipin has developed powerful
network effects to deliver higher recruitment efficiency and drive
rapid expansion.
BOSS Zhipin has a vision to redefine every
individual’s career development with technology and a passion
towards delivering user satisfaction, by optimizing efficiency,
equality and choice. For more information, please visit
http://ir.zhipin.com/.
Safe Harbor Statement
This press release contains statements that may
constitute "forward-looking" statements which are made pursuant to
the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "aims," "future," "intends," "plans," "believes,"
"estimates," "likely to," and similar statements. Statements that
are not historical facts, including statements about the Company's
beliefs, plans, and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. Further information regarding these and other risks
is included in the Company's filings with the SEC. All information
provided in this press release is as of the date of this press
release, and the Company does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
For investor and media inquiries, please
contact:
Email: ir@kanzhun.com
SOURCE KANZHUN LIMITED
Kanzhun (NASDAQ:BZ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Kanzhun (NASDAQ:BZ)
Historical Stock Chart
From Apr 2023 to Apr 2024