Kanzhun, an online recruitment platform in China, filed on 21 May with the SEC for an initial public offering to raise up to $100 million.
Kanzhun is well known for its innovative core product, Boss Zhipin, which is a mobile-native platform in China allowing direct chats between job seekers and employers.
In 2020, the company has achieved revenue of RMB 1.94 billion ($302 million U.S.), up by 94.7% year-on-year. In the first quarter of 2021, the revenue continued to surge by 179% to RMB 789 million ($123 million U.S.). As of the end of March, the monthly active users of Boss Zhipin have reached 30.6 million, the highest among online recruitment platforms in China.
The company plans to list on the Nasdaq under the symbol BZ. Goldman Sachs, Morgan Stanley, UBS Investment Bank, and China Renaissance are the joint bookrunners on the deal. Pricing terms are yet to be disclosed.