Kanzhun Limited announced on June 24, 2025, the launch of a share offer comprising 30,000,000 Class A ordinary shares, split between a Hong Kong public offering and an international offering. The offer includes an adjustment option for up to 4,500,000 additional shares based on market demand.
The maximum Hong Kong Offer Price has been set at HK$78.00 per Class A ordinary share. The company intends to set the International Offer Price on or before July 2, 2025, considering the closing price of its ADSs on Nasdaq.
The net proceeds from this share offer are earmarked for investment in technology and related infrastructure, the development of new business initiatives, strategic acquisitions or investment opportunities, and for general working capital purposes. This move is designed to enhance Kanzhun's financial flexibility, broaden its shareholder base, and improve stock liquidity.
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