From Nikkei Asia · · 40s
WHI IPO Targets Japan's Biggest Listing by 2026
Bain- and GIC-backed WHI to list in Tokyo by Dec 15, aiming for Japan's largest IPO in 2026.
In brief
Bain- and GIC-backed WHI to list in Tokyo by Dec 15, aiming for Japan's largest IPO in 2026. WHI Holdings, a human resource systems developer backed by Bain and GIC, plans a Tokyo IPO on December 15, 2026, expected to reach a valuation of 400 billion yen ($2.5 billion). Originally reported by Nikkei Asia.
WHI IPO Timeline
Bain- and GIC-backed WHI Holdings is set to list on Tokyo's exchange on December 15, 2026.
Valuation Target
The company aims for a valuation of 400 billion yen ($2.5 billion) in Japan's largest 2026 IPO.
WHI Background

WHI Holdings is a human resource systems developer with CEO Tomitaro Anzai.
The key point
WHI Holdings, a human resource systems developer backed by Bain and GIC, plans a Tokyo IPO on December 15, 2026, expected to reach a valuation of 400 billion yen ($2.5 billion).