The IPO market’s much-awaited comeback has finally arrived—just not where it was expected.  Buoyed by signs of an uptick in public offerings activity, US bankers and investors who were gearing up for a blockbuster second half of the year had their hopes dashed. India, Japan, and China took the spotlight in the third quarter instead, launching some of biggest listings in years. Hyundai Motor India, Asia’s largest IPO of 2024—and India’s biggest ever—raised $3.3 billion. It was exceeded only by