[Image courtesy of www.pinsentmasons.com]
CBI member Pinsent Masons recently announced that it had advised Chinese sportswear group Naibu Global International Company on its AIM IPO with a market capitalisation of £68 million and raising £6 million of new money for the expansion of the group. Naibu is the first consumer brand from China to float in London, and its AIM IPO enables the group to strengthen its manufacturing capability.
Huoyan Lin, Naibu's Executive Chairman, said, "Our successful admission to AIM represents an important platform for the Company, and the Board believes that we can build substantially from our current position with the aim of growing the business further. We are delighted to have worked with Pinsent Masons as part of our IPO team."
Sean Page, Corporate Finance Partner at Pinsent Masons, said, "We are very pleased to have advised Naibu on its IPO in London. It is an exciting and fast growing business which operates at pace, through its strong brand presence in China and its highly developed distribution network."
Please click here to read the full press release by Pinsent Masons.