HONG KONG—A relief rally in stock markets and the success of three large initial public offerings has sparked a last-minute surge in re-launched deals, with a Chinese sportswear maker and a clean-energy company tapping markets with the sale of new shares.

Asia Today: Finishing the year with a surprising rebound, Hong Kong’s IPO market is back on form. Over in Europe, some in the market see signs of progress as a host of meetings take place this week. WSJ’s Jake Lee and Ken Brown discuss.

Guodian Technology & Environment Group Co., a Chinese clean-energy company, began taking orders Monday for an IPO targeted to raise as much as US$646 million Hong Kong IPO, according to a term sheet.

Companies are flooding to tap funds since Chow Tai Fook Jewellery Group Ltd., controlled by Hong Kong businessman Cheng Yu-tung, decided in late November to kick off a US$2.8 billion deal before the IPO market shuts down for the holidays mid-December

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