Placements pick up pace alongside busy IPO calendar

Xinyi Glass sells $158 million of mostly new shares and Indonesia's Lippo Karawaci raises $112 million to pay for a Reit acquisition. Meanwhile, Hopu trims its stake in Winsway Coking Coal through an $82 million block.

Alongside the launch of several Asian initial public offerings in quick succession this week — some of which are returning after failing to get enough interest earlier in the year — a number of block trades and top-up placements has also been keeping bankers busy. The pickup in activity suggests that market sentiment is improving somewhat, although it could also be a question of issuers and sellers trying to grab the window of opportunity while it is there, in case it doesn’t last.

¬ Haymarket Media Limited. All rights reserved.

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