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Since the start of 2013, the U.S. IPO market has seen 410 companies go public. And some of the most successful stocks from that huge group have been Chinese companies.
But following the much-anticipated Alibaba IPO, BABA stock may trump them all.
According to research by Bloomberg, the 10 largest Chinese companies to hold IPOs in the last year have seen an average return of 44% since they went public. In the same time, U.S. stocks holding IPOs of at least $100 million have averaged a gain of just 25% since hitting the market.
Chinese online classified company 58.com Inc. (NYSE ADR: WUBA) has been the biggest winner so far. On WUBA's first day of trading in October, the stock climbed 42%. WUBA stock opened today at $49.22 - a gain of 189% from its offer price.