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MKan
2021-07-02

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Cathie Wood bought shares of this recent China IPO every day this week

Ark Invest’s Cathie Wood has a newly public Chinese technology stock on her radar. Wood purchased 98

Cathie Wood bought shares of this recent China IPO every day this week

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood bought shares of this recent China IPO every day this week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-02 08:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/01/cathie-wood-bought-shares-of-this-recent-china-ipo-every-day-this-week.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ark Invest’s Cathie Wood has a newly public Chinese technology stock on her radar.\nWood purchased 985,579 shares ofKanzhunin theARK Next Generation Internet ETFandARK Autonomous Technology and ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/01/cathie-wood-bought-shares-of-this-recent-china-ipo-every-day-this-week.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BZ":"BOSS直聘"},"source_url":"https://www.cnbc.com/2021/07/01/cathie-wood-bought-shares-of-this-recent-china-ipo-every-day-this-week.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1121657128","content_text":"Ark Invest’s Cathie Wood has a newly public Chinese technology stock on her radar.\nWood purchased 985,579 shares ofKanzhunin theARK Next Generation Internet ETFandARK Autonomous Technology and Robotics ETFover the last two weeks, including additions to the stake each day this week.\nHer position, which she first purchased on June 21, is now worth about $38 million, based on where the stock was trading Thursday.\nThe CEO and chief investment officer of Ark Invest bought 481,408 shares of the artificial intelligence driven job finding app on Wednesday.\nKanzhun — which trades under ticker “BZ” — now represents about 0.4% of the ARK Next Generation Internet ETF and about 0.54% of ARK Autonomous Technology and Robotics ETF.\n\nKanzhun — which went public on June 11 — soared as much as 96% on its first day of trading, opening around $37 per share after pricing between $17 and $19 per share. The Tencent-backed company operates an online recruitment platform, which connects job seekers and enterprise users through a mobile app called Boss Zhipin.\nKanzhun’s vision is to “redefine every individual’s career development with technology and a passion towards delivering user satisfaction, by optimizing efficiency, equality and choice,” according to the company’s S1 prospectus filed with the SEC.\nKanzhun means “aim right” in Chinese.\nWood has made a name for herself by investing in “disruptive innovation” stocks. The firm’s flagship fund, Ark Innovation, has seen nearly $16 billion flood the fund in the past year, according to FactSet. Wood often touts companies that use disruptive technology that will change the way the world works.\nSince its market debut, shares of Kanzhun are down marginally. 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