Skadden-Led Chinese Recruiting Co. Tops Trio Raising $1.4B

Law360 (June 11, 2021, 4:02 PM EDT) -- Chinese job recruitment platform creator Kanzhun Ltd., advised by Skadden, led a trio of operating companies that debuted on the stock exchanges Friday, raising a combined $1.41 billion through their initial public offerings.

Khanzhun, maker of the chat-focused recruitment app BOSS Zhipin, raised $912 million through an offering guided by Skadden Arps Slate Meagher & Flom LLP and underwriters' counsel Latham & Watkins LLP. The Beijing-based company offered 48 million shares at $19 each, on the high end of the $17 to $19 a share range put forward June 7.

Proceeds could increase to more than $1 billion if the underwriters...

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