Kanzhun Limited Announces Pricing of Share Offer and Listing on Hong Kong Stock Exchange

Strategic Insights -

Kanzhun Limited, a leading online recruitment platform in China, announced the pricing of its share offer, which is set to list on the Hong Kong Stock Exchange. The company priced its 34.5 million Class A ordinary shares at HK$66.00 per share, with the shares expected to begin trading on July 4, 2025. The net proceeds from the share offer are estimated to be approximately HK$2.199.9 million, after deducting estimated underwriting fees and other expenses.

Key Takeaways:

  • Kanzhun Limited, a leading online recruitment platform in China, has announced the pricing of its share offer.
  • The share offer is comprised of a Hong Kong public offering and an international offering, with a final offer price of HK$66.00 per share.
  • The company has exercised its option to issue an additional 4.5 million Class A ordinary shares, bringing the total share offering to 34.5 million shares.
  • The net proceeds from the share offer are estimated to be approximately HK$2.199.9 million.
  • The share offering is expected to support Kanzhun Limited's financial flexibility, shareholder base expansion, and healthy and sustainable development.
  • The company has appointed Goldman Sachs (Asia) L.L.C. and Morgan Stanley Asia Limited as overall coordinators for the share offering.

Statistics:

  • HK$66.00: the final offer price for both the Hong Kong public offering and the international offering.
  • 34.5 million: the total number of Class A ordinary shares issued in the share offer.
  • HK$2.199.9 million: the estimated net proceeds from the share offer.
  • 4.5 million: the additional number of Class A ordinary shares issued under the offer size adjustment option.
  • 1 (JS): the ratio of Class A ordinary shares to American depositary shares listed on the Nasdaq.
  • HK$7.8499: the exchange rate used to calculate the offer price in US dollars.

Sources:

  • GlobeNewswire, "Kanzhun Limited Announces Pricing of Share Offer and Listing on Hong Kong Stock Exchange" (June 30, 2025)
  • Kanzhun Limited, "Share Offer Prospectus Supplement" (June 24, 2025)
  • United States Securities and Exchange Commission, "Automatically Effective Registration Statement on Form F-3" (December 16, 2022)