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KKR-backed SmartHR pushes Tokyo IPO to 2027

privateequitywire

2 months ago

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Japanese HR software company SmartHR has reportedly postponed its planned initial public offering until at least 2027 after prospective investors raised concerns over the valuation sought for the business, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as highlighting that the software-as-a-service (SaaS) provider had been targeting a market capitalisation of around $1bn. However, uncertainty surrounding valuations for SaaS companies, amid the rapid...

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