Orion Breweries Ltd. is set to trade on the Tokyo Stock Exchange on Thursday after the size of its initial public offering was increased.
The Okinawa-based beer maker priced its IPO at ¥850 per share, the top of its book building range, last week as investors including M&G Investment Management Ltd. and Neuberger Berman Group LLC expressedBloomberg Terminal interest in buying the shares. The deal size increased to ¥23 billion ($156 million) from about ¥17 billion, with its sellers raising the number of shares to offer.
AloJapan.com