KANZHUN LIMITED (BZ) IPO Opens 76% Higher

Today's IPO for KANZHUN LIMITED (NYSE: BZ) opened for trading at $33.50 after pricing its initial public offering of 48,000,000 American Depositary Shares ("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.

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.

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