PE firm Carlyle plans IPO for Japan's WingArc1st, valuing firm at $475m

U.S. buyout firm Carlyle Group Inc is set to win approval for an initial public offering (IPO) of Japan’s WingArc1st Inc as early as Thursday, two people with knowledge of the matter said, its third attempt to list the software firm.

A successful listing of WingArc1st, which develops and sells business software including cloud-based offerings, would be the first time an IPO that had failed twice in Tokyo was eventually completed.

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