WHI Holdings

WHI Holdings (Ticker: 679A JP) develops HR software for large employers. Its COMPANY suite covers payroll, time and attendance, and talent management. The software supports HR operations at about 1,200 corporate groups.

WHI Holdings is scheduled to make its public debut on the Prime Market of the Tokyo Stock Exchange on December 15, 2026. The IPO consists of 42,735,200 existing shares being sold by funds advised by Bain Capital and GIC. The company will issue no new shares, and the selling shareholders will receive the proceeds.

The filing assumes a price range of JPY 2,340 to JPY 2,590 per share. At the midpoint, the base offer size is JPY 105.34 billion ($659.01 million), excluding an option to sell up to 6,410,200 additional shares. The bookbuilding range is due on November 30, with final pricing scheduled for December 7, 2026.