Kanzhun Prices Share Offering at $8.41 a Share

MT Newswires Live
06-30

Kanzhun (BZ) said Monday that it has priced its Hong Kong public offering and international offering of 34.5 million class A common shares at 66 Hong Kong dollars ($8.41) per share.

The company said the offer price is equivalent to about $16.82 per American depositary share.

Kanzhun said it expects to close both offerings on Friday and estimates net proceeds of about HK$2.2 billion.

Shares of Kanzhun were down more than 2% in recent trading Monday.

Price: 17.49, Change: -0.64, Percent Change: -3.50

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