Naibu Global International, a Chinese sportswear company whose orange logo resembles that of Nike, is said to be seeking a listing on the Alternative Investment Market (AIM) of the London Stock Exchange next month. It would like to float about half of its equity, valuing the 10-year-old Fujian company at around £110 million (€132m - €173m). Naibu has about 2,000 employees and nearly 3,000 stores in 21 provinces of China. The IPO is intended to raise capital to build factories in central and western China and to expand sales to lower-tier cities. A listing in London would also raise the international profile of the brand, mostly for domestic purposes in the first stage.

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