KANZHUN LIMITED Announces Launch of Share Offer
KANZHUN LIMITED (Nasdaq: BZ; HKEX: 2076) has announced a significant share offering of 30,000,000 Class A ordinary shares. The offering comprises a Hong Kong Public Offering of 3,000,000 shares and an International Offering of 27,000,000 shares, with an additional option to increase by up to 4,500,000 shares based on market demand.
The Hong Kong Offer Price is set at a maximum of HK$78.00 per share, with the final pricing to be determined by July 2, 2025. The company plans to use the proceeds for technology investments, new business initiatives, strategic acquisitions, and working capital. Goldman Sachs and Morgan Stanley are serving as overall coordinators for the offering.
KANZHUN LIMITED (Nasdaq: BZ; HKEX: 2076) ha annunciato un'importante offerta di 30.000.000 azioni ordinarie di Classe A. L'offerta comprende un'Offerta Pubblica a Hong Kong di 3.000.000 di azioni e un'Offerta Internazionale di 27.000.000 di azioni, con un'opzione aggiuntiva per aumentare fino a 4.500.000 azioni in base alla domanda di mercato.
Il prezzo di offerta a Hong Kong è fissato a un massimo di 78,00 HK$ per azione, con il prezzo finale che sarà determinato entro il 2 luglio 2025. La società intende utilizzare i proventi per investimenti tecnologici, nuove iniziative commerciali, acquisizioni strategiche e capitale circolante. Goldman Sachs e Morgan Stanley sono i coordinatori generali dell'offerta.
KANZHUN LIMITED (Nasdaq: BZ; HKEX: 2076) ha anunciado una importante oferta de 30,000,000 acciones ordinarias Clase A. La oferta incluye una Oferta Pública en Hong Kong de 3,000,000 acciones y una Oferta Internacional de 27,000,000 acciones, con una opción adicional para aumentar hasta 4,500,000 acciones según la demanda del mercado.
El precio de oferta en Hong Kong se establece en un máximo de 78,00 HK$ por acción, con el precio final que se determinará antes del 2 de julio de 2025. La compañía planea utilizar los ingresos para inversiones en tecnología, nuevas iniciativas comerciales, adquisiciones estratégicas y capital de trabajo. Goldman Sachs y Morgan Stanley actúan como coordinadores generales de la oferta.
KANZHUN LIMITED (나스닥: BZ; 홍콩증권거래소: 2076)가 3,000만 주의 클래스 A 보통주에 대한 대규모 주식 공모를 발표했습니다. 이번 공모는 홍콩 공개 모집 300만 주와 국제 공모 2,700만 주로 구성되며, 시장 수요에 따라 최대 450만 주까지 추가 증액 옵션이 포함되어 있습니다.
홍콩 공모 가격은 주당 최대 HK$78.00로 책정되었으며, 최종 가격은 2025년 7월 2일까지 확정될 예정입니다. 회사는 조달 자금을 기술 투자, 신규 사업 추진, 전략적 인수 및 운전자본에 사용할 계획입니다. 골드만삭스와 모건스탠리가 이번 공모의 총괄 조정사로 참여합니다.
KANZHUN LIMITED (Nasdaq : BZ ; HKEX : 2076) a annoncé une importante émission de 30 000 000 d’actions ordinaires de classe A. L’offre comprend une Offre Publique à Hong Kong de 3 000 000 d’actions et une Offre Internationale de 27 000 000 d’actions, avec une option supplémentaire d’augmenter jusqu’à 4 500 000 actions en fonction de la demande du marché.
Le prix d’offre à Hong Kong est fixé à un maximum de 78,00 HK$ par action, le prix final devant être déterminé d’ici le 2 juillet 2025. La société prévoit d’utiliser les fonds pour des investissements technologiques, de nouvelles initiatives commerciales, des acquisitions stratégiques et le fonds de roulement. Goldman Sachs et Morgan Stanley agissent en tant que coordinateurs principaux de l’offre.
KANZHUN LIMITED (Nasdaq: BZ; HKEX: 2076) hat eine bedeutende Aktienemission von 30.000.000 Stammaktien der Klasse A angekündigt. Das Angebot umfasst ein öffentliches Angebot in Hongkong von 3.000.000 Aktien sowie ein internationales Angebot von 27.000.000 Aktien, mit einer zusätzlichen Option zur Erhöhung um bis zu 4.500.000 Aktien je nach Marktnachfrage.
Der Ausgabepreis in Hongkong ist auf maximal 78,00 HK$ pro Aktie festgesetzt, der endgültige Preis wird bis zum 2. Juli 2025 bestimmt. Das Unternehmen plant, die Erlöse für Technologieinvestitionen, neue Geschäftsvorhaben, strategische Übernahmen und Betriebskapital zu verwenden. Goldman Sachs und Morgan Stanley fungieren als Hauptkoordinatoren des Angebots.
- Potential to enhance financial flexibility and working capital
- Opportunity to broaden shareholder base and improve stock liquidity
- Additional capital for technology investments and strategic acquisitions
- Dual-listing status strengthening market presence
- Potential dilution for existing shareholders
- Share price uncertainty until final pricing determination
- Market conditions may affect offering success
- Additional regulatory compliance requirements across two markets
Insights
KANZHUN's dual-listing share offer in Hong Kong will enhance liquidity and funding for growth initiatives, though dilution concerns exist.
KANZHUN LIMITED (Nasdaq: BZ; HKEX: 2076) is launching a significant share offering of 30 million Class A ordinary shares, with potential to increase by an additional 4.5 million shares through an offer size adjustment option. The offering is structured as a dual-listing approach with a Hong Kong public offering (3 million shares) and an international offering (27 million shares).
The pricing mechanics reveal strategic positioning - with a maximum Hong Kong Offer Price of
This capital raising initiative serves multiple strategic purposes beyond simply raising funds. By establishing a dual listing in Hong Kong alongside its existing Nasdaq presence, KANZHUN is creating geographic diversification in its investor base. This provides several advantages: reduced dependence on a single market, potentially lower share price volatility, expanded trading hours across time zones, and enhanced liquidity for shareholders.
The stated use of proceeds signals the company's growth priorities: technology infrastructure investment, new business development, and potential strategic acquisitions. The offering is being coordinated by premier investment banks including Goldman Sachs and Morgan Stanley, indicating institutional confidence in the placement.
For investors, this offering represents a dilution of existing shareholdings but potentially positions the company for stronger growth through the deployment of new capital. The dual-listing structure also provides a strategic hedge against potential regulatory uncertainties that have affected Chinese companies listed exclusively in the US.
This share offering represents a strategic move by BOSS Zhipin, China's leading online recruitment platform, to strengthen its capital position while diversifying its listing presence. The Hong Kong listing complements its existing Nasdaq presence and follows a growing trend of Chinese technology companies pursuing dual listings as a risk-mitigation strategy.
The offering structure - weighted heavily toward international investors (
For Chinese tech companies, Hong Kong listings have become increasingly attractive amid heightened US-China tensions and regulatory scrutiny from both sides. This dual-listing approach provides several strategic advantages: it mitigates single-market regulatory risk, enhances trading liquidity across time zones, provides access to mainland Chinese investors through Stock Connect programs, and potentially reduces valuation discounts that often affect US-listed Chinese firms.
The capital infusion comes at a critical time for China's recruitment sector, which faces both challenges and opportunities. While China's youth unemployment has been problematic, the digital transformation of recruitment continues to accelerate. BOSS Zhipin's direct connection model between employers and job seekers has proven resilient in this environment.
The high-profile underwriting team featuring Goldman Sachs and Morgan Stanley suggests strong institutional backing, though the ultimate success will depend on pricing and market conditions at the time of execution. The broader market should view this as a measured step toward financial resilience rather than a desperate capital raise.
BEIJING, June 24, 2025 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced the launch of its share offer of 30,000,000 Class A ordinary shares, comprising a Hong Kong public offering of initially 3,000,000 Class A ordinary shares (the “Hong Kong Public Offering”) and an international offering of initially 27,000,000 Class A ordinary shares (the “International Offering”, together with the Hong Kong Public Offering, the “Share Offer”), subject to reallocation and offer size adjustment.
The initial offer shares available for the Hong Kong Public Offering and the International Offering are subject to reallocation (including clawback). Additionally, the Company has an offer size adjustment option to increase the number of offer shares based on market demand up to an aggregate of 4,500,000 additional Class A ordinary shares, representing
The offer price for the Hong Kong Public Offering (the “Hong Kong Offer Price”) will be no more than HK
The Share Offer is intended to further enhance the Company’s financial flexibility, broaden its shareholder base, improve stock liquidity, and support its healthy and sustainable development. The net proceeds from the Share Offer will be used in investment in technology and related infrastructure, the development of new business initiatives, strategic acquisitions or investment opportunities and for working capital and general corporate purposes.
Goldman Sachs (Asia) L.L.C. and Morgan Stanley Asia Limited (in alphabetical order) act as the overall coordinators for the Share Offer. Goldman Sachs (Asia) L.L.C., Morgan Stanley Asia Limited (in alphabetical order) and Huatai Financial Holdings (Hong Kong) Limited act as the joint global coordinators for the Share Offer. Goldman Sachs (Asia) L.L.C., Morgan Stanley Asia Limited (in alphabetical order), Huatai Financial Holdings (Hong Kong) Limited, Futu Securities International (Hong Kong) Limited and Tiger Brokers (HK) Global Limited act as joint bookrunners and joint lead managers for the Share Offer.
The International Offering is being made only by means of a preliminary prospectus supplement and the accompanying prospectus included in an automatic shelf registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission (the “SEC”) on December 16, 2022, which automatically became effective upon filing. The registration statement on Form F-3 and the preliminary prospectus supplement are available at the SEC website at: http://www.sec.gov.
The Share Offer is subject to market and other conditions, and there can be no assurance as to whether or when the Share Offer may be completed, or as to the actual size or terms of the Share Offer. This press release shall not constitute an offer to sell or the solicitation of an offer or an invitation to buy any securities of the Company, nor shall there be any offer or sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. This press release does not constitute a prospectus (including as defined under the laws of Hong Kong) and potential investors should read the prospectus of the Company for detailed information about the Company and the proposed Share Offer, before deciding whether or not to invest in the Company. This press release has not been reviewed or approved by the SEC, the Hong Kong Stock Exchange or the Securities and Futures Commission of Hong Kong.
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. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of The Stock Exchange of Hong Kong Limited, in its interim and annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to 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 U.S. Securities and Exchange Commission and The Stock Exchange of Hong Kong Limited. 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.
About KANZHUN LIMITED
KANZHUN LIMITED operates the leading online recruitment platform BOSS Zhipin in China. 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. Benefiting from its large and diverse user base, BOSS Zhipin has developed powerful network effects to deliver higher recruitment efficiency and drive rapid expansion.
For more information, please visit https://ir.zhipin.com.
For investor and media inquiries, please contact:
KANZHUN LIMITED
Investor Relations
Email: ir@kanzhun.com
In China：
PIACENTE FINANCIAL COMMUNICATIONS
Helen Wu
Tel: +86-10-6508-0677
Email: kanzhun@tpg-ir.com
In the United States:
PIACENTE FINANCIAL COMMUNICATIONS
Brandi Piacente
Phone: +1-212-481-2050
Email: kanzhun@tpg-ir.com
FAQ
What is the size of KANZHUN's (BZ) share offering in June 2025?
What is the maximum offer price for KANZHUN's Hong Kong shares?
When will KANZHUN (BZ) determine the final share offer price?
How will KANZHUN use the proceeds from the 2025 share offering?
Who are the lead coordinators for KANZHUN's 2025 share offering?
