Naibu sportswear to float in London

A Chinese fashion sporting goods company is to become the first

consumer brand from China to float in London.

Naibu, which makes leisurewear and trainers, hopes to raise £50m in a listing on AIM, London’s junior market, valuing the company at about £110m.

The float, being handled by Daniel Stewart, the stockbroker, is designed to raise international awareness of a business that is focused entirely on its home market but has long-term ambitions to establish a presence outside China.