London to lure bigger share of floats

London is seeking to raise its profile as a preferred listing destination for Chinese companies following the massive initial public offering of Alibaba Group Holding Ltd in New York.

But instead of competing head-to-head with New York over super-size IPOs from China, the London Stock Exchange is looking at smaller Chinese companies in sectors ranging from technology and healthcare to energy and utilities, which are in dire need of international capital, according to the senior executives of the British bourse.

"The broad IPO pipeline for the stock exchange remains positive and part of it is about exploring what the possibilities are for Chinese companies," said Alexander Justham, chief executive of London Stock Exchange Plc.