Liepin seeks $400 million U.S. in Hong Kong IPO

Liepin seeks $400 million U.S. in Hong Kong IPO

Launched in 2011, Liepin is coming off a red-hot 2017 which saw revenues jump 40 percent year-over-year to 825 million RMB ($128.4 million U.S.), catapulting the company to the position of China’s largest jobs vertical by revenue. Costs however are still sky high, and 2017 was also the first time in three years that the company had been profitable, posting a net income of just 7.55 million RMB.

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