(Bloomberg News) Noah Holdings Ltd., the provider of wealth-management products in China, raised $101 million after pricing its initial public offering above the forecast range as the U.S. IPO market extended its rebound.

The Shanghai-based company sold 8.4 million American depositary receipts for $12 each yesterday after offering them at $9 to $11 apiece, its Securities and Exchange Commission filing and data compiled by Bloomberg show. Noah starts trading today on the New York Stock Exchange under the ticker NOAH.

The offering was the first of three scheduled for Chinese companies in New York this week and comes after 56 IPOs were postponed or withdrawn this year, data compiled by Bloomberg show. Mainland companies have accounted for five of the ten best performing U.S. IPOs this year and 14 percent of the $19.3 billion raised on American bourses, excluding closed-end funds and investment companies, the data show. Noah's revenue more than doubled in the first six months of the year.

"As investors, we like to see companies that can grow," said Benjamin Kirby, a Santa Fe, New Mexico-based analyst at Thornburg Investment Management, which has about $69 billion in assets. "It's clearly a good time for companies to be going public. There's a lot of investor demand."

JPMorgan Chase & Co. in New York and Bank of America Corp. of Charlotte, North Carolina, led the offering.