Nov 24 (Reuters) - IPH Ltd IPH.AX :
* Institutional placement & spp IPH.AX
* Says launch of a fully underwritten institutional placement to raise $60 million
* Currently actively engaged in discussions with a number of potential acquisition targets"
* Net proceeds from placement to be used to reduce debt to provide financial flexibility and strengthen balance sheet to underpin next phase of acquisitions
* Expects to report HY EBITDA between $32--34m being substantially ahead of last year
* Source text for Eikon ID:nASX1XfD1n