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Benzinga
Benzinga
Business
The Bamboo Works

Newly profitable Kanzhun Steps Aboard Hong Kong's Dual Listing Train

Kanzhun Hong Kong United States China Hong Kong Stock Exchange New York IPO Internet

Key Takeaways:

  • Having finally turned a profit, Kanzhun has filed for a dual primary listing on the Hong Kong Stock Exchange to insure against its shares being pulled from New York
  • A ban on registering new users on its employment platform has been lifted, but the company’s profit outlook is clouded by China’s economic downturn and reduced job vacancies 
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