Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of shareholders of Kanzhun Limited (NASDAQ: BZ) (“Kanzhun” or “BOSS Zhipin”).
Kanzhun investors may receive additional information about the investigation by clicking the link "Submit Your Information" above.
On June 11, 2021, Kanzhun conducted its initial public offering and issued 48 million American Depository Shares (“ADSs”) at a price of $19.00 per ADS.
On July 5, 2021, BOSS Zhipin issued a press release announcing that “pursuant to the announcement posted by the Cyberspace Administration of China on July 5, 2021, the Company is subject to cybersecurity review by the authority.” BOSS Zhipin also reported that it is required to suspend new user registration in China.
The next trading day, July 6, 2021, Kanzhun’s ADSs opened at $32.44 per share, $3.87 lower than the prior closing price of $36.31 on July 2, 2021.
If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; or toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.