KANZHUN LIMITED (BZ) to IPO 48M Shares at $19/sh

June 11, 2021 9:02 AM EDT

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KANZHUN LIMITED (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.

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