Kanzhun, backed by Chinese internet giant Tencent Holdings Ltd., the owner of Chinese online recruitment platform Boss Zhipin, is offering 48 million American depositary shares at between $17 and $19 apiece.

Kanzhun developed the Boss Zhipin mobile app, which connects job seekers and employers and is China’s largest online recruitment platform, according to its prospectus. Its monthly active users grew to 24.9 million in the first quarter of 2021 from 14.5 million a year earlier.

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