The institutional subscriptions will be closed two days ahead of the plan by the AIG Group Inc regarding its fifteen billion dollars worth AIA group, IPO though the issue has solid demand amongst Chinese high-profile investors and traditional funds

The Asian market was flooded by a wave of major IPOs in the last month. Countries like Malaysia and India have launched record numbers of IPOs driven by a boom seen in the equity market as foreign investors have flowed in huge amount of capital in the markets. Both countries seek to take advantage of the sustaining economic growth of the respective countries.

Thomson Reuters has given a data which showed that in the first three quarters of the fiscal the IPOs of Asia have raised in the tune of ninety billion dollars. The amount raised is more than double of the joint amount of Europe, US, Africa and Middle East put together.

As there is heavy demand for the AIA IPOs the underwriters have decided to close it early than its planned time of closing. Reuters has reported this fact taking from sources aware of the fact. On Tuesday the books will close with executives and underwriters finishing their meetings with institutional investors of New York, Boston and Chicago.

Firms like China Investment Corporation ,worth three hundred billion dollars ,which is a state owned wealth fund is lined up for investing. Even China Life Insurance from the corporate sector of China is ready to invest.

According to one of the sources CIC was interested to buy shares worth two hundred million dollars in AIA. Both CIC and AIA didn’t comment on the matter.

According to William Lo, an analyst working in Ample Finance that due to a strong market pace and cash inflow the IPO of AIA is having an excellent demand from institutional investors.