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Japanese Staffing Firm Recruit Plans IPO Worth $1.8 Billion

Reuters (09/10/14) Ritsuko Ando

Recruit Holdings, Japan’s biggest recruiting firm, is planning an initial public offering worth $1.8 billion. The IPO will be used to pay for future acquisitions in the company’s quest to become the largest staffing firm in the world by 2020. Recruit has acquired a number of foreign competitors in recent years, including U.S. staffing firms CSI, Advantage Resourcing, and Staffmark Holdings, as well as the U.S. job search website