Bain- and GIC-backed WHI on track for Japan's largest IPO in 2026

WHI chief executive Tomitaro Anzai. The private equity-backed company has been approved to list on Tokyo's exchange in December. (Photo by Shihoko Nakaoka)

The Details

RYUTA MINAMIHATA, YUI USUI and RURIKA TANAKA

November 14, 2026 07:03 JST

TOKYO -- Human resource systems developer WHI Holdings is poised for a Dec. 15 initial public offering in Tokyo, likely to become Japan's biggest listing in 2026 at a valuation of roughly 400 billion yen ($2.5 billion).

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