Carlyle-Backed Orion Set to Rise in Debut After Solid IPO (2)

Orion Breweries Ltd.’s shares look set to rise in their trading debut on Thursday after the initial public offering attracted strong demand from investors.

The stock was untraded with large buy orders in early trading after 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 expressed interest to buy 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.

Overall demand ...