HONG KONG – After a lean couple of years, bankers in Asia are seeing signs of a recovery in initial public offerings (IPOs).

The number of Chinese firms considering public flotations in Hong Kong is increasing as the benchmark Hang Seng Index heads for its first annual gain since 2019. India has already notched up a record year in terms of funds raised from share sales, with more planned, while blockbuster deals are lighting up Tokyo’s stock market.