Kanzhun Limited, whose core product is job board Boss Zhipin, filed for an initial public offering with the US Securities and Exchange Commission to raise up to $100 million, reports China Daily. Boss Zhipin is a mobile platform that allows employers to interact and connect with job seekers through direct chat. It plans to list on Nasdaq under the symbol BZ.  Goldman Sachs, Morgan Stanley, UBS Investment Bank are the joint book runners on the deal. Funds raised will be used in investment in technology infrastructure and Research & Development, marketing activities and the discovery of new products and services. Year-on-year revenue for Boss Zhipin increased by 94.7% but the platform recorded a net loss of RMB 941.9 million (USD 146.52 million) for 2020.

According to SIA’s Online Job Advertising 2020 research report, Boss Zhipin is the 19^th largest online job advertising firm globally.