07:04 AM EDT, 06/24/2025 (MT Newswires) -- Kanzhun ( BZ ) said Tuesday it is offering 30 million of its class A ordinary shares, consisting of a Hong Kong public offering of 3 million shares and an international offering of 27 million shares.

The company has the option to increase the number of shares up to a total of 4.5 million additional shares.

The offer price for the Hong Kong public offering is expected to be no more than 78 Hong Kong dollars ($9.94) per share, while the offer price for the international offering may be more than or the same as the Hong Kong offer price. The company will set the international offer price around July 2.

Net proceeds from the offerings will be used to invest in technology and related infrastructure, develop new business initiatives and strategic takeovers, as well as for working capital and general corporate purposes.

Shares of the company fell more than 2% in recent premarket activity Tuesday.

Price: 17.20, Change: -0.48, Percent Change: -2.71