Singapore Chili Crabs Reign as Jumbo Wins Restaurant IPO Battle

A dish of chili crab, center, sits among other dishes on a table at the Jumbo Seafood Riverside restaurant, operated by Jumbo Group, at Clark Quay in Singapore, on Monday, Oct. 6, 2015. Jumbo Group, a restaurant chain specializing in seafood, aims to expand its regional presence using proceeds from an upcoming public offer.
Photographer: Sam Kang Li/Bloomberg

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By Livia Yap

November 30, 2017 at 4:48 AM UTC

This article is for subscribers only.

The debate over Singapore’s favorite crab dish may be settled -- at least on the trading floor.

Shares of restaurant chain No Signboard Holdings Ltd., known in the city-state for its signature white pepper crab dish, jumped 11 percent on its debut Thursday -- an impressive open considering the benchmark index slipped 0.3 percent at the trading start. But the debut of rival Singapore seafood eatery Jumbo Group Ltd. almost exactly two years ago leaves No Signboard’s in the dust.