(Bloomberg) — X-ray technology company Rigaku Holdings Corp. has priced its Japanese IPO at the top of the marketed range, with the deal raising 112.3 billion yen ($751 million).

The company, backed by Carlyle Group Inc., priced about 89 million shares at ¥1,260, after marketing them in a range of ¥1,230 to ¥1,260 apiece. The company plans to list its shares in Tokyo on Oct. 25, joining a wave of Asian stock sales that have seen strong demand recently.

The Rigaku deal would be the second-largest listing in Japan this year. Subway operator Tokyo Metro is set to debut days before Rigaku after raising $2.3 billion in Japan’s biggest IPO in six years.

The Japanese listings will join more than a dozen companies from the Asia-Pacific region going public next week, in what is expected to be the busiest week for listings in the region in more than two years, according to data compiled by Bloomberg.

Founded in 1951, Rigaku manufactures x-ray analysis, measurement and testing instruments. Carlyle purchased an approximately 80% stake in the company in 2021.

Order books for the international portion of the deal were filled last Wednesday, the same day Rigaku began taking orders from investors, Bloomberg News reported.

–With the help of Yasutaka Tamura.

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