SmartHR Delays Tokyo Stock Exchange Listing to Next Year, Defers IPO on Valuation Gap
SmartHR postponed its initial public offering to next year at the earliest after investors viewed the company’s target valuation as too high, sources said.
The Tokyo-based human resources software operator had planned a listing on the Tokyo Stock Exchange within the current year. The valuation mismatch between management and investors prompted the postponement.
From the sources (3 posts)
@businessJapanese human resources platform operator SmartHR has delayed its plans for an IPO to next year at the earliest as investors viewed the company’s targeted valuation as too high, sources say
@firstsquawkSMARTHR, A JAPANESE HUMAN RESOURCES PLATFORM, HAS POSTPONED ITS IPO UNTIL NEXT YEAR OR LATER DUE TO INVESTORS THINKING THE TARGET VALUATION IS TOO HIGH, SOURCES REVEAL.
@newspicks_news【速報】スマートHRが年内の東証上場見送りへ、時価総額評価に隔たり－関係者 📌Bloomberg