Tencent and Sunshine Life-backed recruitment app developer floated at the top of its range and has seen its share price more than double since.
Kanzhun, a China-based online job portal operator backed by internet group Tencent and insurance firm Sunshine Life, floated on Friday in a $912m initial public offering on the Nasdaq Global Select Market.
The company issued 48 million American depositary shares (ADSs), each representing two ordinary shares, priced at the top of the IPO’s $17 to $19 range. The price had more than doubled to $40.13 at close of trading yesterday, giving it a market capitalisation of over $15bn.
Founded…
