Kanzhun Limited’s US$912 Million Initial Public Offering

Skadden, Arps, Slate, Meagher & Flom LLP, Latham & Watkins and Harneys advised Kanzhun Limited in the transaction.

Kanzhun Limited, the largest online recruitment platform in China, operating the BOSS Zhipin mobile app, completed 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 (Picture) and Shu Du, with Counsel Yilin Xu and associates Wang (Stan) Yao and Xinjia Wang.

The Latham & Watkins’ deal team was led by Hong Kong partners Cathy Yeung and Allen Wang. Hong Kong partner Dominik Sklenar, Hong Kong counsel Wei Wei, and Beijing associates Olivia Lai and Fan Wang also advised on the matter.

The Harneys team was led by Shanghai Associate Lily Zhang with support from co-head of the firm’s global Corporate group Raymond Ng.

Involved fees earner: Raymond Ng – Harneys; Lily Zhang – Harneys; Olivia Lai – Latham & Watkins; Dominik Sklenar – Latham & Watkins; Fan Wang – Latham & Watkins; Allen Wang – Latham & Watkins; Wei Wei – Latham & Watkins; Cathy Yeung – Latham & Watkins; Shu Du – Skadden Arps Slate Meager & Flom; Julie Gao – Skadden Arps Slate Meager & Flom; Xinjia Wang – Skadden Arps Slate Meager & Flom; Yilin Xu – Skadden Arps Slate Meager & Flom; Wang Yao – Skadden Arps Slate Meager & Flom;

Law Firms: Harneys; Latham & Watkins; Skadden Arps Slate Meager & Flom;

Clients: Kanzhun;

Author: Sonia Carcano