Carlyle-backed Japanese software firm WingArc1st launches $172m IPO in Tokyo

Carlyle-backed Japanese software firm WingArc1st launches $172m IPO in Tokyo

Photo: Reuters

Japan’s software company WingArc1st Inc, which is backed by US buyout firm Carlyle Group Inc, on Thursday launched an initial public offering (IPO) worth up to 18.2 billion yen ($171.8 million), a regulatory filing showed.