KKR Backed SmartHR's Tokyo IPO Delay Raises Questions About Private Equity and Tech Venture Capital KKR backed SmartHR, a human resources management startup, has delayed its initial public offering (IPO) beyond this year.
This development is not surprising given the regulatory hurdles, investor sentiment, and slowdown in IPOs that have characterized Japan's tech scene.
Understanding the Tokyo IPO Landscape The Tokyo IPO market is notoriously unpredictable, with delays and cancellations common even among well established firms.