Overview

• Orion began trading on the Tokyo Stock Exchange’s Prime market on September 25, becoming the first manufacturer headquartered in Okinawa to list on Japan’s top tier.
• The IPO was priced at ¥850 per share, and heavy buy orders kept the stock from opening through the morning before the first trade printed at ¥1,863, up ¥1,013.
• The offering totaled 27,563,200 shares with an additional 4,134,400-share overallotment facility to meet excess demand.
• Nomura Holdings and the Carlyle Group, which took Orion under their wing in 2019, are selling all their shares through the listing.
• Local banks and the employee shareholding association received designated allocations to maintain regional ties as the company targets overseas beer sales and tourism-related growth.