Recent successful initial public offerings and recovering markets are encouraging several Chinese companies that had postponed IPOs earlier this year to relaunch their deals, The Wall Street Journal reported. Hosa International, a sportswear manufacturer, has begun taking orders for a smaller US$82 million IPO on December 16, after canceling its plans to raise up to US$211 million with an offering in Hong Kong in June. Beijing Jingneng Clean Energy seeks to raise US$230-300 million in a December 22 listing, far below its planned US$630 million target in late June. These companies have been encouraged by three large IPOs in the works in Hong Kong: Chow Tai Fook Jewellery’s US$2.8 billion listing, New China Life Insurance’s US$2.28 billion dual listing in Hong Kong and Shanghai, and Haitong Securities’s US$1.67 billion Hong Kong IPO. The current rush is also due to the timing of Chinese New Year in late January 2012, which will preclude new listings early next year.