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...

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