After a lean period, Asia's initial public offerings are reviving. Chinese firms are considering Hong Kong listings as the Hang Seng Index heads for its first annual gain since 2019, rising nearly 20% this year due to government stimulus. Notable companies eyeing Hong Kong IPOs include Jiangsu Hengrui Pharmaceuticals and SF Holding. Hong Kong IPOs have raised about USD9bn this year, up from USD5.6bn in 2023. India has had a record year, raising USD49bn from share sales, with more planned. Significant IPOs include Hyundai Motor India's USD3.3bn listing. Japan also sees robust activity following Tokyo Metro's USD2.3bn IPO, the largest in six years. Despite risks like market volatility and regulatory hurdles, dealmakers are optimistic about improved IPO activity next year.