Floats receive US momentum

Tech companies posting robust IPO returns as demand for services picks up

Chinese companies making their US stock market debuts in the past year have rewarded their buyers with the best returns among global peers, fueled by demand for Internet and e-commerce shares from Asia's largest economy.

The 10 biggest Chinese companies that completed initial public offerings in the US in the past 12 months have returned an average of 44 percent since their offer dates, compared with 25 percent for all US IPOs of more than $100 million in the same period, according to data compiled by Bloomberg. 58.com Inc, which provides online classifieds, has surged 140 percent since its October IPO and Autohome Inc, a car information website, has gained 110 percent since December.