Japanese asset manager Rheos Capital Works postpones $159m IPO

Japanese asset manager Rheos Capital Works postpones $159m IPO

Employees of Tokyo Stock Exchange work at the bourse after the New Year opening ceremony at the Tokyo Stock Exchange (TSE), held to wish for the success of Japan's stock market, in Tokyo, Japan, January 4, 2016. REUTERS/Yuya Shino/Files

Japanese asset management firm Rheos Capital Works said on Thursday that it had shelved plans for an 17.7 billion yen ($158.96 million) initial public offering (IPO) next week, saying it identified corporate governance matters that it needed to address.

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