Kanzhun, which is a leading online recruitment platform in China, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims to use data insights to deliver accurate matching results. Kanzhun also claims it was the largest online recruitment platform in China by MAUs in 2020.
The Beijing, China-based company was founded in 2013 and booked $218 million in sales for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol BZ. Kahnzun filed confidentially on March 19, 2021. Goldman Sachs, Morgan Stanley, UBS Investment Bank, and China Renaissance are the joint bookrunners on the deal. No pricing terms were disclosed.
