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(Yicai Global) Jan. 27 -- China’s Boss Zhipin refused to comment on a report that said the online jobs listings website plans to go public in the United States this year, The Paper reported.
The company has chosen Goldman Sachs and UBS as lead underwriters and aims to raise about USD300 million, according to a post on financial blog IPO Zaozhidao today.
Founder and Chief Executive Zhao Peng said on Boss Zhipin’s fifth anniversary in July 2019 that "the company is preparing for an IPO," but no further details have been forthcoming since then.
Beijing Huapin Borui Network Technology launched Boss Zhipin in July 2014. Job hunters can use it to chat directly with executives and have one-on-one conversations with company founders.
Boss Zhipin has completed five rounds of financing so far, the most recent being in November 2019, with Tencent taking a stake of nearly 10 percent.
Boss Zhipin reportedly turned a profit for the first time in November 2017. In 2019, revenue reached over CNY1 billion (USD150 million) and it served more than 60 million users, Zhao said.
Offline recruitment has been affected by the coronavirus epidemic, but from May to October last year, the average number of daily active users on Boss Zhipin still reached about 2.8 million, up 80 percent compared with the previous year.
Editor: Tom Litting