KANZHUN LIMITED Announces Pricing of Share Offer
KANZHUN LIMITED (Nasdaq: BZ; HKEX: 2076), operator of the BOSS Zhipin platform, has announced the pricing of its share offer at HK$66.00 per share. The offering consists of 34,500,000 Class A ordinary shares, including 4,500,000 shares from the full exercise of the offer size adjustment option.
The offering price translates to approximately US$16.82 per ADS (based on a ratio of two Class A ordinary shares per ADS). The company expects to raise net proceeds of approximately HK$2,199.9 million (US$280.3 million) after deducting underwriting fees and expenses. Trading of shares on the Hong Kong Stock Exchange is expected to commence on July 4, 2025.
The proceeds will be allocated towards technology infrastructure investment, new business initiatives development, strategic acquisitions, and general corporate purposes. Goldman Sachs and Morgan Stanley are serving as overall coordinators for the share offer, with additional firms acting as joint global coordinators, bookrunners, and lead managers.
KANZHUN LIMITED (Nasdaq: BZ; HKEX: 2076), gestore della piattaforma BOSS Zhipin, ha annunciato il prezzo di offerta delle sue azioni a 66,00 HK$ per azione. L'offerta comprende 34.500.000 azioni ordinarie di Classe A, incluse 4.500.000 azioni derivanti dall'esercizio completo dell'opzione di adeguamento della dimensione dell'offerta.
Il prezzo di offerta corrisponde a circa 16,82 US$ per ADS (basato su un rapporto di due azioni ordinarie di Classe A per ADS). La società prevede di raccogliere proventi netti per circa 2.199,9 milioni HK$ (280,3 milioni US$) dopo la detrazione delle commissioni di sottoscrizione e delle spese. La negoziazione delle azioni alla Borsa di Hong Kong dovrebbe iniziare il 4 luglio 2025.
I proventi saranno destinati a investimenti in infrastrutture tecnologiche, sviluppo di nuove iniziative commerciali, acquisizioni strategiche e scopi societari generali. Goldman Sachs e Morgan Stanley agiscono come coordinatori generali dell'offerta azionaria, con ulteriori società che operano come coordinatori globali congiunti, bookrunner e lead manager.
KANZHUN LIMITED (Nasdaq: BZ; HKEX: 2076), operador de la plataforma BOSS Zhipin, ha anunciado el precio de su oferta de acciones en 66,00 HK$ por acción. La oferta consta de 34.500.000 acciones ordinarias Clase A, incluyendo 4.500.000 acciones provenientes del ejercicio completo de la opción de ajuste del tamaño de la oferta.
El precio de la oferta equivale aproximadamente a 16,82 US$ por ADS (basado en una proporción de dos acciones ordinarias Clase A por ADS). La compañía espera recaudar ingresos netos de aproximadamente 2.199,9 millones HK$ (280,3 millones US$) después de deducir comisiones de suscripción y gastos. Se espera que la negociación de las acciones en la Bolsa de Hong Kong comience el 4 de julio de 2025.
Los ingresos se destinarán a inversiones en infraestructura tecnológica, desarrollo de nuevas iniciativas comerciales, adquisiciones estratégicas y propósitos corporativos generales. Goldman Sachs y Morgan Stanley actúan como coordinadores generales de la oferta de acciones, con otras firmas que participan como coordinadores globales conjuntos, colocadores y gestores principales.
KANZHUN LIMITED (나스닥: BZ; 홍콩증권거래소: 2076)는 BOSS Zhipin 플랫폼 운영사로서, 주당 HK$66.00의 주식 공모가를 발표했습니다. 이번 공모는 3,450만 주의 클래스 A 보통주로 구성되며, 이 중 450만 주는 공모 규모 조정 옵션의 전면 행사에 따른 것입니다.
공모가는 ADS 1주당 약 미화 16.82달러에 해당하며(ADS 1주는 클래스 A 보통주 2주에 해당), 회사는 인수 수수료 및 비용 공제 후 약 HK$21억 9,990만 (미화 2억 8,030만 달러)의 순수익을 기대하고 있습니다. 홍콩증권거래소에서의 거래는 2025년 7월 4일에 시작될 예정입니다.
조달 자금은 기술 인프라 투자, 신규 사업 개발, 전략적 인수 및 일반 기업 목적에 사용될 예정입니다. 골드만삭스와 모건스탠리가 이번 주식 공모의 총괄 조정사로 참여하며, 추가로 여러 기관이 공동 글로벌 조정사, 북러너, 대표 주관사 역할을 맡고 있습니다.
KANZHUN LIMITED (Nasdaq : BZ ; HKEX : 2076), opérateur de la plateforme BOSS Zhipin, a annoncé le prix de son offre d'actions à 66,00 HK$ par action. L'offre comprend 34 500 000 actions ordinaires de classe A, dont 4 500 000 actions issues de l'exercice complet de l'option d'ajustement de la taille de l'offre.
Le prix d'offre correspond à environ 16,82 USD par ADS (sur la base d'un ratio de deux actions ordinaires de classe A par ADS). La société s'attend à lever un produit net d'environ 2 199,9 millions HK$ (280,3 millions USD) après déduction des frais de souscription et autres dépenses. La cotation des actions à la Bourse de Hong Kong devrait débuter le 4 juillet 2025.
Les fonds seront affectés à des investissements dans les infrastructures technologiques, le développement de nouvelles initiatives commerciales, des acquisitions stratégiques et des fins générales d'entreprise. Goldman Sachs et Morgan Stanley assurent la coordination globale de l'offre, avec d'autres sociétés agissant en tant que coordinateurs mondiaux conjoints, teneurs de livres et gestionnaires principaux.
KANZHUN LIMITED (Nasdaq: BZ; HKEX: 2076), Betreiber der BOSS Zhipin-Plattform, hat den Ausgabepreis seiner Aktien mit 66,00 HK$ pro Aktie bekanntgegeben. Das Angebot umfasst 34.500.000 Stammaktien der Klasse A, darunter 4.500.000 Aktien aus der vollständigen Ausübung der Angebotsgrößenanpassungsoption.
Der Angebotspreis entspricht etwa 16,82 US$ pro ADS (basierend auf einem Verhältnis von zwei Stammaktien der Klasse A pro ADS). Das Unternehmen erwartet einen Nettoerlös von rund 2.199,9 Mio. HK$ (280,3 Mio. US$) nach Abzug von Underwriting-Gebühren und Kosten. Der Handel der Aktien an der Hongkonger Börse soll am 4. Juli 2025 beginnen.
Die Erlöse werden für Investitionen in technologische Infrastruktur, Entwicklung neuer Geschäftsinitiativen, strategische Akquisitionen und allgemeine Unternehmenszwecke verwendet. Goldman Sachs und Morgan Stanley fungieren als Hauptkoordinatoren des Aktienangebots, weitere Firmen übernehmen die Rollen als gemeinsame globale Koordinatoren, Bookrunner und Lead Manager.
- Expected net proceeds of HK$2,199.9 million (US$280.3 million) to strengthen financial position
- Full exercise of the offer size adjustment option, indicating strong demand
- Dual listing status enhances market access and trading liquidity
- Strategic allocation of funds towards technology infrastructure and business development
- Potential dilution for existing shareholders due to issuance of 34,500,000 new shares
- Additional regulatory compliance requirements and costs from dual listing
Insights
KANZHUN's HK$2.2B dual-listing in Hong Kong enhances liquidity and funding for tech investments and strategic acquisitions.
KANZHUN LIMITED (Nasdaq: BZ) has successfully priced its Hong Kong offering at
The offering of 34.5 million Class A ordinary shares (including the fully exercised 4.5 million share adjustment option) effectively translates to about
What's particularly noteworthy is the company's capital allocation strategy. The proceeds are earmarked for technology infrastructure investments, new business initiatives, and potential strategic acquisitions – all critical growth vectors in the competitive online recruitment space. This capital raise strengthens KANZHUN's balance sheet without incurring debt, maintaining financial flexibility in a sector where technological advancement drives competitive advantage.
The dual-listing approach also creates important benefits for the company beyond just raising capital. By listing in Hong Kong, KANZHUN diversifies its investor base, potentially reduces stock volatility through improved liquidity, and establishes a trading presence closer to its operational market. This could partially insulate the company from US-China regulatory tensions that have impacted Chinese companies with single US listings.
With trading expected to commence on July 4, 2025, this offering represents a strategic financial move that positions KANZHUN for sustained growth in China's evolving recruitment technology landscape.
BEIJING, June 30, 2025 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced the pricing of its share offer (the “Share Offer”) of an aggregate of 34,500,000 Class A ordinary shares of the Company, including 4,500,000 Class A ordinary shares offered pursuant to the Company’s full exercise of the offer size adjustment option. The Share Offer is comprised of a Hong Kong public offering (the “Hong Kong Public Offering”), and an international offering (the “International Offering”).
The final offer price for both the Hong Kong Public Offering and the International Offering (the “Offer Price”) has been set as HK
Subject to approval from the Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), the Class A ordinary shares of the Company are expected to begin dealing on the Main Board of the Hong Kong Stock Exchange on Friday, July 4, 2025. The Share Offer is expected to close on the same day, subject to customary closing conditions.
Based on the Offer Price, the net proceeds from the Share Offer (after full exercise of the offer size adjustment option) is estimated to be approximately HK
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 dated June 24, 2025 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 final prospectus supplement will be filed with the SEC and will be available on the SEC’s website at: http://www.sec.gov. When available, copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282, Attention: Prospectus Department, Telephone: 1 (866) 471-2526, Email: Prospectus-ny@ny.email.gs.com; or Morgan Stanley Asia Limited, c/o Morgan Stanley & Co. LLC, 180 Varick Street, New York, New York 10014, Attention: Prospectus Department, Telephone: 1 (866) 718-1649, Email: prospectus@morganstanley.com.
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 Share Offer, before deciding whether or not to invest in the Company. This press release has not been reviewed or approved by 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 offer price for KANZHUN's (BZ) Hong Kong share offering?
How many shares is KANZHUN (BZ) offering in its Hong Kong listing?
When will KANZHUN (BZ) shares begin trading on the Hong Kong Stock Exchange?
How much money will KANZHUN (BZ) raise from the Hong Kong share offering?
How will KANZHUN (BZ) use the proceeds from the Hong Kong share offering?
