Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Smartkarma North Asia Weekly: POTUS Order, Kanzhun, Angelalign, & 3 Children Policy in China

Impact of Market Caps & Share Based Compensation Schemes on Chinese IPOs in 2021

Kanzhun IPO: Growth/Margin Trade-Off Vs Peers

Kanzhun IPO Initiation: Search and Employ

Equity Capital Markets

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<a href="https://www.smartkarma.com/entities/kanzhun-ltd" target="_blank" data-smartkarma-citation="entities:33368:1" rel="noopener">Kanzhun (BZ US)</a> is getting ready to complete an IPO in the US in the coming weeks. Kanzhun's core product is Boss Zhipin, which is China's leading online recruitment platform app. Boss Zhipin allows employers to interact and connect with job seekers directly through chat rather than simply sending and receiving resumes.
Despite being a late comer, the company has become the largest online recruitment platform in China, as measured by average MAU in 2020. This is a testament of the company's ability to meet the missing needs of the job seekers and companies that are trying to find new employees.
The company has put an IPO placeholder at $100 million but this is likely to be revised up much more. Given the company's strong sales growth rate and big improvements in operating losses as a percentage of revenues combined with the company's position as the leading online recruitment platform in China, there is likely to be a solid institutional investors' interests in this IPO. 
Despite the strong fundamental of the company, the IPO market for Chinese tech/service stocks have been relatively weak this year as compared to last year and this is likely to act as a major negative factor on this IPO. 
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Kanzhun (BZ US) is getting ready to complete an IPO in the US in the coming weeks. Kanzhun's core product is Boss Zhipin, which is China's leading online recruitment platform app. Boss Zhipin allows employers to interact and connect with job seekers directly through chat rather than simply sending and receiving resumes.
Despite being a late comer, the company has become the largest online recruitment platform in China, as measured by average MAU in 2020. This is a testament of the company's ability to meet the missing needs of the job seekers and companies that are trying to find new employees.
The company has put an IPO placeholder at $100 million but this is likely to be revised up much more. Given the company's strong sales growth rate and big improvements in operating losses as a percentage of revenues combined with the company's position as the leading online recruitment platform in China, there is likely to be a solid institutional investors' interests in this IPO. 
Despite the strong fundamental of the company, the IPO market for Chinese tech/service stocks have been relatively weak this year as compared to last year and this is likely to act as a major negative factor on this IPO. 


Kanzhun

Kanzhun IPO Preview