16 June 2021
Skadden advised Kanzhun Limited, the largest online recruitment platform in China, operating the BOSS Zhipin mobile app, on its listing and initial public offering on Nasdaq. Kanzhun Limited offered 48,000,000 American Depositary Shares ("ADSs"), at US$19 per ADS, for a total offering size of US$912 million, assuming the underwriters do not exercise their option to purchase up to an aggregate of 7,200,000 additional ADSs. Each ADS represents two Class A ordinary shares of the Company. Trading will commence on 11 June 2021.
The Skadden team was led by partners Julie Gao and Shu Du, with Counsel Yilin Xu and associates Wang (Stan) Yao and Xinjia Wang.
For further information, please contact:
Z. Julie Gao, Partner, Skadden
julie.gao@skadden.com
