Online Executive Recruitment Platform Liepin IPOs in Hong Kong

Tencent Tech, 6/28/18

Wise Talent Information Technology (6100.HK), the Cayman Islands-based parent company of online recruitment site Liepin.com, has begun trading on the main board of the Hong Kong Stock Exchange with an initial offering of 88 mln shares at an IPO price of HKD 33 per share.

Liepin had operating revenues of RMB 825 mln for a profit of RMB 7.55 mln in 2017. The company posted net losses of RMB 231 mln and RMB 140 mln in 2015 and 2016.

As of March 2018, Liepin had more than 40 mln registered users and had served over 500,000 companies. Liepin covers 15 key cities across China, including Beijing, Shanghai, Guangzhou, and Shenzhen and has more than 300,000 headhunters searching for candidates for core positions.

Editor's Note: For more information on this topic, please see Online Executive Recruitment Platform Liepin Seeks Hong Kong IPO, MD 4/08/18 issue.

Keywords: Wise Talent 6100.HK Internet IPO profit online recruitment Liepin revenue

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