Limited filed for an IPO

Kanzhun Limited, the leading online recruitment company in China, filed prospectus with the SEC on May 21, 2021 for going public on Nasdaq. The underwriters include Goldman Sachs, Morgan Stanley, UBS Investment Bank, China Renaissance, FUTU, etc.

According to its prospectus, Kanzhun Limited, owner of the recruiting app "BOSS Zhipin", achieved annual revenue of RMB 1,944.4 million in 2020, representing an increase of 94.7% YoY. Revenue for Q1 of 2021 was RMB 789 million, representing an increase of 179% YoY. Its MAU reached 30.6 million in March 2021. According to the CIC Report, BOSS Zhipin is the largest online recruitment platform in China in terms of average MAU.

The company adopt an ecosystem-friendly revenue model that balances the supply and demand of jobs and candidates. It had served 11.4 million verified enterprise users and 5.5 million verified enterprises as of December 31, 2020. Its verified enterprise users and verified enterprises reached 13.0 million and 6.3 million as of March 31, 2021, respectively. In the twelve months ended March 31, 2021, it had 2.89 million paid enterprise customers.

The Company is favored by institutional investors, including CTG Evergreen Investment, Image Frame Investment, Image Frame Investment, Banyan Partners Fund, Ceyuan Ventures, Coatue PE Asia, Global Private Opportunities Partners, GGV, MSA China Fund, etc. CTG Evergreen Investment holds more than 10%, making it the largest external institutional shareholder of the Company.

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