Market Chatter: KKR-Backed SmartHR Considers Tokyo IPO Targeting $1 Billion Valuation

MT Newswires Live04-07

KKR-backed (KKR) SmartHR is weighing a Tokyo initial public offering later this year that may value the company at around $1 billion, Bloomberg reported Monday, citing people familiar with the matter.

The cloud-based HR platform is working with banks including Daiwa Securities Group, Goldman Sachs (GS), and Morgan Stanley (MS) on a potential listing, the report said.

The timing and valuation are subject to change amid market volatility, the report said.

KKR did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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