Zhihu Inc.

Zhihu Inc. (ZH) priced its initial public offering on Mar 26, 2021 at $9.50 per ADS, and listed on NYSE. At the IPO price its market capitalization was about $2.67B. Credit Suisse was lead-left underwriter, joined by Goldman Sachs, J.P. Morgan and CICC and others. Skadden, Arps, Maples and Calder and Han Kun advised the company and Kirkland & Ellis and Jingtian & Gongcheng advised the underwriters.

Zhihu Inc. operates an online content community in China where users explore topics ranging from lifestyle and entertainment to specialized knowledge and life decisions. Its content creators include individuals sharing firsthand experiences, tutors offering exam preparation tips and hobbyists.

Status

IPO

Ticker

ZH

Exchange

NYSE

Priced

Mar 26, 2021

IPO price

$9.50 per ADS

Market cap at IPO price

$2.67B

First filed

Mar 5, 2021

Underwriters

Credit Suisse, Goldman Sachs, J.P. Morgan, CICC, CLSA, Haitong and US Tiger

Company counsel

Skadden, Arps, Maples and Calder and Han Kun

Underwriters' counsel

Kirkland & Ellis and Jingtian & Gongcheng

Sector

Business services

Country / state

China

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.