IPO - Kanzhun Ltd

Form Type: 424B5

Filing Date: 2025-06-24

Corporate Action: Ipo

Type: New

Accession Number: 000110465925061957

Filing Summary: On June 24, 2025, Kanzhun Ltd is conducting a public offering of 30,000,000 Class A ordinary shares, including an international offering and a Hong Kong public offering. The offering consists of 27,000,000 shares for the international market and 3,000,000 shares for public sale in Hong Kong. The public offering price will be determined by reference to the last trading prices of its American depositary shares (ADS) and Class A ordinary shares. The last reported trading price for the ADS was US$17.68. Risks associated with being a Cayman Islands holding company as well as potential regulatory changes in mainland China pose challenges for investors. There are considerable uncertainties regarding the enforcement of contractual arrangements with the VIE, Beijing Huapin Borui Network Technology Co., Ltd. The document also discusses risks stemming from potential violations of Chinese regulations that could hinder business operations and investor security.