Latham advises on US listing of China’s largest online recruitment platform

Latham advised the underwriters in the listing of KanZhun Limited on the Nasdaq exchange.  Kanzhun offered 48 million American depositary shares (ADS) in its debut listing in the US, with each ADS valued at USD$19 (rising to a closing price of US$ 37.20), making it one of the largest US listings of a Chinese company this year.

Latham represented the underwriters Goldman Sachs, Morgan Stanley, UBS Investment Bank and China Renaissance in the transaction.

KanZhun developed the mobile application BOSS Zhipin which connects job seekers and enterprise users in an efficient and seamless manner. It is the largest online recruitment platform in China, as measured by average monthly active users in 2020.

The 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.