Deals
Another Singapore Chili Crab Restaurant Is Going Public
- No Signboard seeking up to S$130 million valuation in IPO
- Company aims to replicate stock-market success of Jumbo Group
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Singapore seafood hawkers have been competing for decades in the city-state’s notoriously cutthroat culinary scene. Now they’re vying for the favor of stock market investors.
No Signboard Holdings Ltd., known for its signature white pepper crab dish, started taking orders this week for an initial public offering that could value the company at as much as S$130 million ($95 million). It’s seeking to replicate the success of long-time rival Jumbo Group Ltd., the chili crab purveyor whose shares have more than doubled since its first-time share sale in October 2015.