Carlyle-Backed Orion’s IPO to Raise $113 Million in Tokyo Debut

Aug. 21, 2025, 7:09 AM UTC

Orion Breweries Ltd. confirmed it will go public in Tokyo next month, six years after US private equity firm Carlyle Group Inc. and Nomura Holdings Inc. bought the Japanese beer maker.

The company plans to list its shares on the Tokyo Stock Exchange on Sept. 25, with Carlyle and Nomura offloading part of their stakes, according to a regulatory filing on Thursday.

Bloomberg reported about the Okinawa-based brewer’s plan last week.

The initial public offering could raise as much as ¥16.7 billion ($113 million), based on its estimate offer price of ¥770. That would value Orion at ¥31.4 billion, compared ...

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