The business software producer is set to float in a $172m offering on TSE that will enable Data Applications, Itochu, Pksha, Sansan, Suzuyo, SystemExe, Teikoku DataBank and Toshiba Digital Solutions to exit.

Tokyo Stock Exchange (TSE) has approved an ¥18.2bn ($172m) initial public offering for WingArc1st, a Japan-headquartered, corporate-backed enterprise software provider.

WingArc1st is set to list on the First Section of the TSE on March 16, and will issue 120 million shares, with some 1.6 million set aside for the greenshoe option. The company will be valued at roughly $440m in the offering.

Founded in 2004, WingArc1st provides cloud-based data analytics software that helps businesses understand their customers’ needs and develop…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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